Business TransformationRoper Technologies has accelerated its transformation from a manufacturer of industrial products to a vertical software franchise with operations in healthcare, education, financial services, and logistics.
Recurring Revenue ModelThe transformation to a recurring revenue software model has been accelerated by divestitures that boosted the software mix and reduced the cyclicality and asset intensity of the business while yielding higher margins.
Share Repurchase AuthorizationManagement announced a $3 billion share-repurchase authorization, providing another channel for opportunistic capital deployment.