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Roper Technologies projects annual revenue above estimates on stable software demand
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Roper Technologies projects annual revenue above estimates on stable software demand
Jan 30, 2025 5:40 AM

Jan 30 (Reuters) - Roper Technologies ( ROP ) forecast

annual revenue growth above Wall Street estimates on Thursday, a

sign of stable demand for its specialized software products that

help customers manage critical operations.

The Sarasota, Florida-based company has grown largely

through acquisitions, establishing itself as a provider of

software and automated solutions to a variety of sectors,

including healthcare, transportation and education.

Roper acquired cloud-based software providers Procare

Solutions and Transact Campus in 2024. Procare offers software

to manage early childhood education centers, while Transact

Campus offerings are for higher education institutions.

"Our double-digit 2025 total revenue growth outlook is

fueled by improving organic growth and meaningful contributions

from our 2024 acquisitions," CEO Neil Hunn said in a statement.

The company expects annual revenue growth to be more than

10%, compared with analysts' average estimate of 9.6%, according

to data compiled by LSEG.

Roper projected annual adjusted profit per share of $19.75

to $20.00, compared with estimates of $20.06.

The company expects first-quarter adjusted profit per share

between $4.70 and $4.74, compared with estimates of $4.84.

Fourth-quarter revenue rose about 16% to $1.88 billion,

slightly beating estimates of $1.84 billion.

Adjusted profit per share for the quarter ended Dec. 31 came

in at $4.81, beating estimates of $4.73.

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