Roper Technologies Inc. (ROP) stock soared 5.8% in pre-market trading on Thursday, following the company's strong fourth-quarter 2024 earnings report that surpassed analyst expectations.
The technology company reported adjusted earnings per share (EPS) of $4.81 for the quarter ended December 31, 2024, beating the consensus estimate of $4.73. Revenue rose 16% year-over-year to $1.88 billion, exceeding the anticipated $1.84 billion. The robust performance was driven by a 9% contribution from acquisitions and a 7% organic revenue increase.
Roper Technologies has been actively pursuing an acquisition strategy to expand its portfolio of vertical software and technology-enabled products. In 2024, the company acquired Procare Solutions, a leading early childhood education software provider, and Transact Campus, which was combined with Roper's CBORD education and healthcare software business. These strategic acquisitions have contributed to the company's strong revenue growth and market position.
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