Core Viewpoint - Roper Technologies, Inc. is well-positioned for growth driven by the adoption of generative AI, strong demand in water management products, and a robust M&A strategy [7][10][18] Revenue Growth - The company reported a 14.3% year-over-year revenue growth to $1.68 billion in Q1 2024, with a 15.8% increase in recurring software revenue [8] - Organic growth, excluding acquisitions, increased by 8% year-over-year [8] - The Application Software segment achieved a 17.6% year-over-year revenue growth, supported by acquisitions and strong customer retention [8] - The Technology Enabled Products segment delivered a 17% year-over-year organic growth due to high demand for ultrasonic meters [9] Generative AI Strategy - Roper has launched various generative AI-equipped software tools since Q2 2023, enhancing customer productivity and retention [3][4] - The company is focused on developing new software solutions to meet increasing customer needs in the generative AI space [4] M&A Activity - Roper's M&A strategy contributed 7 percentage points of sales growth in 2023 and 6 percentage points in Q1 2024 [10] - Recent acquisitions include Syntellis and Procare, expected to contribute $185 million and ~$260 million in revenue, respectively [10] Margin Analysis - The total adjusted EBITDA margin increased by 60 basis points year-over-year to 40.2% in Q1 2024 [12] - The Application Software segment saw a 10 basis points year-over-year increase in adjusted EBITDA margin, while the Network Software segment experienced a 280 basis points increase [15] Valuation Outlook - Roper is currently trading at a 30.40x FY24 consensus EPS estimate, slightly above historical averages [17] - The potential for re-rating exists due to the company's exposure to AI trends, which could enhance growth prospects [18]

ATLANTA, June 18, 2024 (GLOBE NEWSWIRE) -- IntelliTrans, a leading global multimodal transportation management solutions provider, announces winning a Supply Chain Top Project Award from Supply & Demand Chain Executive and Food Logistics magazines. The 2024 Top Supply Chain Projects awards profile innovative case study-type projects designed to automate, optimize, streamline, and improve the supply chain. IntelliTrans won for its Mobile Check-In/Out project for a large North American supplier of lumber to t ...

ATLANTA, June 18, 2024 (GLOBE NEWSWIRE) -- IntelliTrans, a leading global multimodal transportation management solutions provider, announces winning a Supply Chain Top Project Award from Supply & Demand Chain Executive and Food Logistics magazines. The 2024 Top Supply Chain Projects awards profile innovative case study-type projects designed to automate, optimize, streamline, and improve the supply chain. IntelliTrans won for its Mobile Check-In/Out project for a large North American supplier of lumber to t ...

But many technology companies reward their shareholders with dividend payouts, including Roper Technologies (ROP) , Micron Technology (MU) , and Alphabet (GOOGL) . In addition to quarterly payouts, all three sport bullish growth expectations, undoubtedly a strong pairing. Roper Technologies Shares up 6% in a Month Sales growth has been robust, with ROP posting double-digit percentage year-over-year sales growth rates in each of its last six periods. Below is a chart illustrating the company's revenue on a q ...

Roper Technologies, Inc. (ROP) stands to benefit from strength across its businesses, acquisitions and focus on operational excellence. The company remains focused on investing in growth opportunities and strengthening its long-term market position. It has a market capitalization of $57.6 billion. Over the past month, ROP has gained 6%, almost in line with the industry's growth of 6.1%. The stock currently carries a Zacks Rank #2 (Buy). Image Source: Zacks Investment Research Let's delve into the factors th ...

Investor Relations 941-556-2601 investor-relations@ropertech.com Contact information: SARASOTA, Fla., May 22, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) announced that it is presenting at the Jefferies Software Conference on Thursday, May 30, 2024 at 10.00 AM (Pacific Time) in Newport Coast, CA. A link to the webcast presentation will be available in the "Investors" section of the Company's website at www.ropertech.com. About Roper Technologies Roper Technologies is a constituent of the ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the ...

"With IntelliTrans' impressive history, I am deeply honored to be joining a company so devoted to excellence and a leading provider of transportation management solutions around the world," says Jim Bell, CTO of IntelliTrans. "As we evolve and expand our offering to tackle the supply chain's biggest opportunities, I look forward to working with our talented teams to ensure IntelliTrans' continued growth. Like myself, our people are excited and committed to making a positive impact by solving critical challe ...

KENT, Ohio, May 09, 2024 (GLOBE NEWSWIRE) -- CBORD, a leading provider of higher education automation solutions, is thrilled to announce the integration of Amazon's Just Walk Out (JWO) technology at Kent State University, one of Ohio's leading public universities. Just Walk Out technology revolutionizes the campus shopping experience by detecting what shoppers take from or return to the shelves and creating a seamless virtual shopping session. Students, faculty and staff at Kent State University can now enj ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ROPER TECHNOLOGIES, INC. Washington, D.C. 20549 (Exact name of registrant as specified in its charter) FORM 10-Q Delaware 51-0263969 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12273 (Former name, former address and f ...