Blackbaud revenue up 11.1% in Q2

By Liz Segrist
lsegrist@scbiznews.com
Published July 31, 2014

Daniel Island-based Blackbaud’s second-quarter revenue was $139.4 million, up 11.1% compared with the same period a year ago.

The tech firm, which provides software and services for nonprofits, announced its financial results for the second quarter, ended June 30, during a conference call this morning.

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Income from operations was $16 million for the second quarter, up 11.8% from the second quarter in 2013. Net income was $9.3 million for the second quarter, up 41% from the year prior.

Under President and CEO Mike Gianoni, who assumed the helm in January, the company is working to build on its online fundraising products and mobile solutions.

“The company is well-aligned to execute on our four primary priorities in the back half of 2014: accelerating organic growth, optimizing our product portfolio, increasing recurring revenue and increasing operating efficiencies — and we expect to continue to heighten our focus on operational excellence,” Gianoni said in a statement.

Diluted earnings were 20 cents per share for the second quarter of 2014, compared with 15 cents per share in the same period last year.

“Our second-quarter and year-to-date results were strong, we believe our momentum is building, and we remain highly focused on solid execution and increasing value for our shareholders,” Gianoni said.

Blackbaud recently celebrated 10 years on the Nasdaq; it trades under the symbol BLKB. Blackbaud has 30,000 customers in more than 60 countries in the higher education, health care, human services, art, faith and environmental sectors.

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