Roper Technologies projects annual revenue above estimates on stable software demand

Roper Technologies

30/01/2025 13:19

Jan 30 (Reuters) - Roper Technologies  ROP.O  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.

 (Reporting by Jaspreet Singh in Bengaluru; Editing by Vijay
Kishore)
 ((Jaspreet.Singh@thomsonreuters.com; On X @i_jass; +91
9569635004;))