For the quarter ended March 2024, Blackbaud (BLKB) reported revenue of $279.25 million, up 6.7% over the same period last year. EPS came in at $0.93, compared to $0.72 in the year-ago quarter.The reported revenue represents a surprise of -1.05% over the Zacks Consensus Estimate of $282.22 million. With the consensus EPS estimate being $0.85, the EPS surprise was +9.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

| --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------|-------|----------------|-----------------------------------| | (in thousands) | | Three \n2024 | months ended March 31, \n2023 | | Accumulated other comprehensive (loss) income, beginning of period | $ | (1,688) $ | 8,938 | | By component: | | | | | Gains and losses on cash flow hedges: | | | | | Accumulated other comprehensive income balance, beginning ...

Blackbaud, Inc. (NASDAQ:BLKB) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET Company Participants Kevin Mooney – Executive Vice President-Strategy and Business Development Mike Gianoni – Chief Executive Officer Tony Boor – Executive Vice President and Chief Financial Officer Conference Call Participants Rob Oliver – Baird Brian Peterson – Raymond James Matt VanVliet – BTIG Parker Lane – Stifel Kirk Materne – Evercore ISI Operator Ladies and gentlemen, good morning, and welcome to the Blackbaud's ...

Blackbaud (BLKB) reported first-quarter 2024 non-GAAP earnings per share (EPS) of 93 cents, which surpassed the Zacks Consensus Estimate by 9.4%. The bottom line increased 29.2% year over year.Total revenues jumped 6.7% year over year to $279.3 million, driven by growth in recurring revenues. Successful execution of its five-point operating plan has been instrumental in driving revenue growth and increasing profitability. Revenues missed the Zacks Consensus Estimate by 1.1%.Total recurring revenues (contrib ...

| --- | --- | --- | --- | |----------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Blackbaud Investor Presentation | | | | | Ticker: BLKB | | | | | April 30, 2024 | | | | 2 Trademark Usage Historical Financials and Non-GAAP Financial Measures Blackbaud discusses non-GAAP organic revenue growth measures, including non-GAAP organic revenue growth, non-GAAP organic revenue growth on a constant currency basis, non-GAAP organic recurring revenue growth, and ...

Blackbaud (BLKB) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.41%. A quarter ago, it was expected that this software and services provider in the nonprofit sector would post earnings of $1.04 per share when it actually produced earnings of $1.14, delivering a surprise of 9.62%.Ov ...

(1) Non-GAAP revenue from divested businesses excludes revenue associated with divested businesses. The exclusion of the prior period revenue is to present the results of the divested business with the results of the combined company for the same period of time in both the prior and current periods. (2) Non-GAAP organic revenue and non-GAAP organic recurring revenue for the prior year periods presented herein may not agree to non-GAAP organic revenue and non-GAAP organic recurring revenue presented in the r ...

Company Shows Continued Strong Progress on Five-Point Operating Plan; Blackbaud Repurchases Approximately 5.5% of Outstanding Common Stock in the First Quarter CHARLESTON, S.C., April 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2024. "We continue to execute our strategic initiatives to drive long-term profitable growth," said Mike Gianoni, president, CEO and vice chairm ...

Software stocks’ quarterly performances are expected to have significantly benefited from an uptick in the demand for software-based services and products, owing to the increasing adoption of the hybrid work model.The growing proliferation of Software-as-a-Service or SaaS-based services, the rapid migration to cloud platforms, the solid adoption of video-conferencing software, and rising user penetration of online or digital payment solutions are likely to have been major tailwinds for software companies in ...

More than 1,700 Nonprofits Will Benefit from the Funds Raised CHARLESTON, S.C., April 23, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, is proud to announce a record-breaking year for London Marathon fundraising on its online giving platform JustGiving®, with more than £41 million ($50 million) raised so far—14% more than last year. On Sunday, April 21, more than 18,000 fundraisers on JustGiving took part in the occasion, which is known as the wo ...