logo
Roper Technologies lifts annual forecasts on steady software demand, acquisitions

Roper Technologies lifts annual forecasts on steady software demand, acquisitions

Reuters28-04-2025

April 28 (Reuters) - Roper Technologies (ROP.O), opens new tab on Monday raised its annual forecasts for revenue and profit after beating Wall Street estimates for first-quarter results, helped by acquisitions and strong demand for its enterprise software services.
Companies have taken a cautious approach to their spending as budgets tighten amid economic uncertainties, but Roper has seen steady demand thanks to its specialized software products that are critical to enterprise operations across a wide range of industries.
Advertisement · Scroll to continue
Report This Ad
Roper has also driven growth through acquisitions spanning across sectors including healthcare, transportation and education.
The Sarasota, Florida-based company last year acquired cloud-based software firm Procare Solutions, which provides services for early childhood education centers, and campus technology and payment solutions provider Transact Campus.
Roper last month also expanded its healthcare technology portfolio with the acquisition of CentralReach, a provider of software for autism and developmental disability care, for about $1.65 billion.
The company now expects adjusted earnings per share between $19.80 and $20.05 for the full year, compared with its previous guidance of $19.75 to $20.00. It also forecast a current-quarter per-share profit of $4.80 to $4.84, compared with $4.86 estimated by analysts, according to LSEG data.
It also expects annual revenue growth to be about 12%, compared with its previous outlook of 10%.
"Despite an uncertain macroeconomic backdrop, we are increasing our full year outlook. This is underpinned by resilient demand for our mission critical solutions and our expanding recurring revenue base," CEO Neil Hunn said in a statement.
Roper reported revenue of $1.88 billion for the first quarter, up 12% from a year ago. Analysts on average had estimated $1.82 billion.
The company earned $4.78 per share in the three months ended March 31, beating estimate of $4.74.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Riyadh Air to order 25 Airbus A350 jets at air show, sources say
Riyadh Air to order 25 Airbus A350 jets at air show, sources say

Reuters

time17 minutes ago

  • Reuters

Riyadh Air to order 25 Airbus A350 jets at air show, sources say

PARIS, June 11 (Reuters) - Saudi startup Riyadh Air is set to place a firm order for 25 Airbus ( opens new tab A350-1000 jets, industry sources said. The airline, previously reported to be considering buying up to 50 jets, will finalise the order at next week's Paris Airshow, where fellow Public Investment Fund subsidiary AviLease is also seen as close to a deal for 40 Airbus planes. Both Saudi companies have also placed orders for Boeing jets. Airbus and Riyadh Air declined to comment.

Nvidia, Perplexity partner with European firms to boost local AI models
Nvidia, Perplexity partner with European firms to boost local AI models

Reuters

time31 minutes ago

  • Reuters

Nvidia, Perplexity partner with European firms to boost local AI models

SAN FRANCISCO, June 11 (Reuters) - Nvidia and artificial intelligence search firm Perplexity on Wednesday said they are partnering with more than a dozen AI firms in Europe and the Middle East to refine those firms' AI technologies and distribute them to local businesses. Nvidia (NVDA.O), opens new tab said it will work with model makers in France, Germany, Italy, Poland, Spain and Sweden to help make AI models in local languages become what are called reasoning models, which are capable of carrying out more complicated tasks. AI technologies built in English and Chinese have started to shift to that technology, but that transition is more difficult in languages where less training data is available. Kari Briski, vice president of generative AI software for enterprise at Nvidia, said the company will help model makers generate new data - known as synthetic data - in local languages to help improve them. "We're doing a lot of synthetic data generation to bring to these low-resource languages and translating our reasoning data so that they can train on it," Briski said in an interview Tuesday. "Europe needs strong models that reflect each nation's unique language and culture." Once those local models are trained, Perplexity will help distribute them in Europe, where businesses can run them in local data centers and use them to carry out business tasks such as researching a new topic. Perplexity CEO Aravind Srinivas said Germany is already Perplexity's second largest market by revenue. "That's the kind of system we are heading to in the future, where models are basically doing a few hours' worth of work in one single prompt," Srinivas said. The deal was part of a number of announcements Nvidia made at an AI conference in Paris on Wednesday. Nvidia and Perplexity did not disclose any financial terms of the deal.

Pakistan's plan to sharply increase growth faces headwinds, analysts say
Pakistan's plan to sharply increase growth faces headwinds, analysts say

Reuters

time41 minutes ago

  • Reuters

Pakistan's plan to sharply increase growth faces headwinds, analysts say

ISLAMABAD, June 11 (Reuters) - Pakistan is aiming to sharply increase economic growth under its annual federal budget unveiled on Tuesday, but analysts are sceptical about the country's ability to meet its ambitious goals. The budget targets higher revenues and a steep fiscal deficit cut under International Monetary Fund (IMF) backed reforms. Yet, defence spending was hiked 20%, excluding military pensions, after last month's conflict with India. Finance Minister Muhammad Aurangzeb said in a post-budget press conference on Wednesday that customs duties have been cut or removed on thousands of raw materials and intermediate goods. 'Industry here has to be competitive, competitive enough to export,' he said. But growth drivers remain unclear. The government is targeting 4.2% GDP growth in fiscal 2026, up from 2.7% this year, which was revised down from an initial 3.6% as agriculture and large-scale manufacturing underperformed. 'Pakistan's GDP growth projection of 4.2% appears ambitious given recent performance, and overly optimistic assumptions may place tax targets out of reach,' said Callee Davis, senior economist at Oxford Economics. Pakistan's past growth spurts were consumption-led, triggering balance-of-payments crises and IMF bailouts. The government says it now wants higher-quality, investment-driven growth. Aurangzeb said structural reforms are underway, pointing to East Asia-style pro-market transitions. 'This is an East Asia moment for Pakistan,' he said. The 17.57 trillion rupee ($62.24 billion) budget comes as Pakistan remains under a $7 billion IMF programme. Revenues are projected to rise over 14%, driven by new taxes and broadening the tax base. The fiscal deficit is targeted at 3.9% of GDP, down from this year's 5.9%. Key reforms include taxing agriculture, real estate, and retail, and reviving stalled privatisations. But revenue shortfalls this year have raised doubts, with both agriculture income tax and retail collections missing targets. Only 1.3% of the population paid income tax in 2024, government data shows. 'Pakistan's budget keeps the IMF and investors happy, even if it comes at a near-term cost to growth,' said Hasnain Malik, head of equity strategy at Tellimer. 'The political setup, with the military firmly in charge, also lowers the risk of protests.' While overall spending will fall 7%, defence will rise after the worst fighting between the nuclear-armed neighbours in decades. Including pensions, defence spending will total $12 billion, 19% of the federal budget or 2.5% of GDP, matching India's share, per World Bank data. The hike was enabled by a sharp drop in interest payments, as the central bank cut policy rates from 22% to 11% over the past year, easing domestic debt servicing costs. Aurangzeb said cuts in subsidies also helped create fiscal space. ($1 = 282.3000 Pakistani rupees)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store