Blackbaud (BLKB) Q4 Earnings Top Estimates, Revenues Up Y/Y

Blackbaud (BLKB) reported fourth-quarter 2023 non-GAAP earnings per share (EPS) of $1.14, which surpassed the Zacks Consensus Estimate by 9.62%. The bottom line increased 67.7% year over year.Total revenues jumped 7.4% year over year to $295 million, driven by strength in recurring revenues. Revenues missed the Zacks Consensus Estimate by 1%.Total recurring revenues (contributed 97.4% to the top line) in the reported quarter amounted to $287.3 million, up 8.4% year over year. One-time services and other rev ...