Lakewood Ranch tech company boosts 2025 revenue outlook

On the heels of a recent acquisition, Roper Technologies updated its revenue guidance, lifting its anticipated growth from 10% to about 12% for 2025. The Lakewood Ranch-based tech company also announced during an April 28 quarterly earnings call that its first-quarter revenue increased 12% to $1.88 billion.

"Roper had a strong start to 2025 and our enterprise continues to execute at a high level,” Roper President and CEO Neil Hunn says in a statement. “Our total revenue growth of 12% was driven by an 8% acquisition contribution and 5% organic growth.”

The company acquired software provider CentralReach in a deal that closed April 23, according to a statement. Roper Technologies paid $1.65 billion for CentralReach, which provides software specializing in services for those with autism and intellectual and developmental disabilities. It is reportedly used by more than 200,000 professionals.

“CentralReach is a terrific business that not only meets each of our historical acquisition criteria but also meets our higher growth and higher return expectations,” Hunn says.

Roper, which spent $3.6 billion last year in software acquisitions, is looking to acquire more companies, according to Hunn, who says this will contribute to its elevated bottom line. 

The company also expects to outperform previous expectations due to its strategy and the demand for its services, which include niche software and technology products.

"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,” Hunn says. “Additionally, we are well positioned to continue executing our disciplined and process-driven capital deployment strategy, fueled by our significant M&A firepower and a large pipeline of attractive acquisition opportunities. Roper's durable cash flow compounding model has historically performed well through economic and market cycles, and we expect our resilience will again be demonstrated in the current environment.”

Roper Technologies posted $7.04 billion in revenue in 2024.