:Roper Technologies 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, sending its shares up 6 per cent.
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 per cent, compared with analysts’ average estimate of 9.6 per cent, 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 per cent 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.
