Roper Technologies Delivers a Mixed Q2 Report

Roper Technologies (NASDAQ:ROP), a leader in software and technology-enabled products, released its second-quarter 2024 report on July 24. In the period, the company achieved significant growth in revenue, adjusted earnings, and cash flow, but also suffered a decline in GAAP net earnings. Its adjusted diluted EPS of $4.48 topped the consensus estimate of $4.46, and revenue rose 12% year over year to $1.72 billion. However, GAAP diluted EPS declined from $3.36 in the prior-year period to $3.12.Roper provides vertically integrated software applications and technology solutions for companies in a variety of niche markets. It has made strategic acquisitions a key cornerstone of its growth strategy. Its diversified end markets and global reach buffer it against localized economic disruptions. Roper's 12% year-over-year revenue increase in the quarter was driven by 4% organic growth -- the remainder came from acquisitions such as Syntellis Performance Solutions, which it purchased in August 2023. Adjusted earnings and EBITDA grew by 9% and 13%, respectively.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool