(Reuters) -Roper Technologies raised its forecasts for annual revenue and adjusted profit on Monday, betting on resilient enterprise spending on its vast portfolio of software products amid macroeconomic uncertainty.
With businesses grappling with a shifting trade landscape following President Donald Trump’s tariffs, spending on Roper’s products has stayed strong as the company provides critical software infrastructure across a diverse range of industries.
Roper, which caters to sectors including education, healthcare, insurance and construction, among others, has also been aggressively pursuing acquisitions to grow its product portfolio inorganically amid a volatile long-term outlook.
The company said it had signed a deal last week to acquire AI-based software firm Subsplash, which serves faith-based organizations, for $800 million.
“With significant M&A capacity and our proven acquisition model, we remain well-positioned to execute our disciplined capital deployment strategy against a large pipeline of attractive opportunities,” Roper CEO Neil Hunn said.
The company expects its 2025 revenue growth to be around 13%, up from its previous expectation of around 12%.
Roper also lifted its annual adjusted profit forecast to a range of $19.90 to $20.05 per share, compared with its prior view of $19.80 to $20.05.
The company reported revenue of $1.94 billion for the second quarter, beating analysts’ average estimate of $1.93 billion, according to data compiled by LSEG.
Its quarterly net income came in at $3.49 per share, compared with profit of $3.12 per share a year ago.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shreya Biswas)
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