Blackbaud Reports Q3 Earnings with EPS Beat and Reaffirmed Full-Year Outlook
Blackbaud (BLKB) reported third-quarter financial results featuring a non-GAAP earnings per share of $1.36, surpassing analyst expectations by $0.03. While the company saw revenue growth of 4.1% year-over-year to $292.6 million, this figure slightly missed consensus estimates by approximately $1.33 million. The company's subscription model remains highly stable, with GAAP recurring revenue reaching $287.0 million, accounting for 98.1% of total revenue. Non-GAAP organic recurring revenue also grew by 4.1%. Despite the slight revenue miss, Blackbaud has reaffirmed its financial outlook for the fiscal year.
Tickers: $BLKB
Topics: earnings beat non-GAAP EPS recurring revenue revenue miss