(Reuters) – 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.
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)
Comments