April 23 (Reuters) – Roper Technologies raised full-year profit forecast on Thursday, pointing to steady demand for its software products as artificial intelligence adoption gains momentum across its customer base, sending its shares up about 6% before the bell.
• The Sarasota, Florida-based company expects 2026 adjusted profit to be between $21.80 and $22.05 per share, compared with $21.30 to $21.55 per share forecast earlier.
• Roper, which caters to sectors such as healthcare, transportation and education, has benefited as businesses turned to AI to automate routine and administrative tasks.
• “During the quarter, our businesses continued shipping AI products, fueled by Roper’s expanded AI capacity and accelerated speed of execution,” CEO Neil Hunn said.
• For the first quarter, the company posted revenue of $2.10 billion, above analysts’ average estimate of $2.07 billion, according to data compiled by LSEG.
• On an adjusted basis, it earned $5.16 per share compared with the estimate of $4.98 per share.
• Roper has leaned heavily on acquisitions to power growth, snapping up firms like Procare Solutions, Transact Campus and healthcare software firm CentralReach — moves that widened its reach but also pushed up expenses.
• The company said its board has authorized an additional $3 billion of share repurchases, taking its remaining capacity to $3.8 billion.
(Reporting by Kritika Lamba in Bengaluru; Editing by Shilpi Majumdar)
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