diff --git a/CMakeLists.txt b/CMakeLists.txt
index 2b96f54e7d..4ebf937c42 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -33,6 +33,11 @@ set(ROCPROFILER_TARGET "${ROCPROFILER_NAME}64")
 set(ROCPROFILER_LIBRARY "lib${ROCPROFILER_TARGET}")
 project(rocprofiler VERSION 2.0.0)
 
+if(${ROCM_PATCH_VERSION})
+   set(PROJECT_VERSION_PATCH ${ROCM_PATCH_VERSION})
+   set(PROJECT_VERSION "${PROJECT_VERSION_MAJOR}.${PROJECT_VERSION_MINOR}.${PROJECT_VERSION_PATCH}")
+endif()
+
 include(GNUInstallDirs)
 
 # set default ROCM_PATH
diff --git a/src/api/CMakeLists.txt b/src/api/CMakeLists.txt
index ee38ca75c8..7ba1c9632d 100644
--- a/src/api/CMakeLists.txt
+++ b/src/api/CMakeLists.txt
@@ -229,7 +229,7 @@ set_target_properties(
     ${ROCPROFILER_TARGET}
     PROPERTIES CXX_VISIBILITY_PRESET hidden
                LIBRARY_OUTPUT_DIRECTORY ${CMAKE_BINARY_DIR}/lib
-               VERSION 1.0.0
+               VERSION 1.0.${PROJECT_VERSION_PATCH}
                SOVERSION 1)
 
 # As ROCR hsa_api_trace header file is not usable unless AMD_INTERNAL_BUILD is defined