Roper Industries unit awarded $30M contract After a competitive bid process, TransCore, a unit of Roper Industries, was awarded a $30M, three-year base term contract with multiple extension options to update and expand the Delaware Division of Motor Vehicles and E-ZPass Customer Service Centers. The system will be installed in parallel with the existing service center operations while relocating to a new DMV facility in downtown Dover. Project completion is expected by 1Q14.
Roper Industries expects organic revenue growth of 6%-7% in FY14 Says on track for free cash flow to be grater than net earnings for the seventeenth consecutive year. Expects 'strong' cash flow in Q4. Comments taken during the company's Q3 earnings conference call.