April 26 (Reuters) - Software firm Roper Technologies ( ROP )

raised its forecast for annual profit on Friday as

clients dial up spending on its products amid an easing economic

outlook.

Roper has been experiencing strong demand for its

services across a variety of markets, including healthcare, law,

and data analytics, with firms looking to automate and

streamline operations.

"With significant M&A capacity and a robust pipeline of

attractive acquisition opportunities, we remain well positioned

to execute our disciplined and process-driven capital deployment

strategy," said Roper Technologies ( ROP ) CEO Neil Hunn.

The Sarasota, Florida-based company now expects full year

2024 adjusted profit per share of $18.05 to $18.25 per share, up

from its prior projection of $17.85 to $18.15 per share.

Roper has been leveraging acquisitions to expand its

vast product portfolio and drive inorganic growth, deploying

$2.1 billion towards software acquisitions last year.

It completed the acquisition of software firm Procare

Solutions, which it bought for $1.75 billion, during the first

quarter.

The company reported revenue of $1.68 billion, beating

average analysts' estimate of $1.65 billion, according to LSEG

data.

It reported earnings per share of $3.54, compared with $2.66

per share, a year ago.

The company also forecast second-quarter adjusted

diluted earnings per share in the range of $4.42 to $4.46 per

share, compared with estimates of $4.49 per share.