Revenue during the quarter grew 20.38 percent to $1,086.30 million from $902.42 million in the previous year period. Gross margin for the quarter contracted 54 basis points over the previous year period to 61.46 percent. Total expenses were 76.23 percent of quarterly revenues, up from 72.85 percent for the same period last year. That has resulted in a contraction of 337 basis points in operating margin to 23.77 percent.

Operating income for the quarter was $258.26 million, compared with $244.99 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $362 million compared with $307 million in the prior year period. At the same time, adjusted EBITDA margin contracted 70 basis points in the quarter to 33.32 percent from 34.02 percent in the last year period.

"Our businesses performed exceptionally well in the first quarter," said Brian Jellison, Roper's chairman, president and chief executive officer. "Our significant revenue increase included 5% organic growth, as our software and medical businesses continued their strong performance and we benefited from improvement in industrial and energy markets. Growth was broad-based as revenue in each of our four segments increased organically in the quarter." "Our cash flow performance was outstanding in the quarter with significant contributions from our recent application software acquisitions, Deltek and ConstructConnect, as well as strong execution across the enterprise. We are very pleased by our great start to 2017," concluded Mr. Jellison.

For financial year 2017, Roper Technologies, Inc. forecasts diluted earnings per share to be in the range of $6.86 to $7.16. The company forecasts diluted earnings per share to be in the range of $8.98 to $9.28 on adjusted basis.

For the second-quarter 2017, Roper Technologies, Inc. forecasts diluted earnings per share to be in the range of $1.62 to $1.70. On an adjusted basis, the company forecasts diluted earnings per share to be in the range of $2.16 to $2.24.

Operating cash flow improves significantly
Roper Technologies, Inc. has generated cash of $378.22 million from operating activities during the quarter, up 82.65 percent or $171.14 million, when compared with the last year period.

The company has spent $21.32 million cash to meet investing activities during the quarter as against cash outgo of $273.96 million in the last year period.

The company has spent $397.08 million cash to carry out financing activities during the quarter as against cash outgo of $190.18 million in the last year period.

Cash and cash equivalents stood at $730.67 million as on Mar. 31, 2017, up 39.70 percent or $207.63 million from $523.03 million on Mar. 31, 2016.

Working capital drops significantly
Roper Technologies, Inc. has witnessed a decline in the working capital over the last year. It stood at $174.09 million as at Mar. 31, 2017, down 73.33 percent or $478.76 million from $652.84 million on Mar. 31, 2016. Current ratio was at 1.11 as on Mar. 31, 2017, down from 1.84 on Mar. 31, 2016.

Cash conversion cycle (CCC) has decreased to 43 days for the quarter from 77 days for the last year period. Days sales outstanding went down to 54 days for the quarter compared with 63 days for the same period last year.

Days inventory outstanding has decreased to 21 days for the quarter compared with 51 days for the previous year period. At the same time, days payable outstanding went down to 31 days for the quarter from 37 for the same period last year.