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BLACKBAUD HAS STRONG QUARTER Featured

Mike Gianoni, Blackbaud Blackbaud reported double-digit growth in net income and revenue for the second quarter ended June 30. The company said it had strong performance across the company as it reported $7.8 million in net income, up 10.9 percent from slightly more than $7 million in last year's corresponding period.

The nonprofit software company said it had $180.2 million in revenue for the most recently ended period, an increase of 15.3 percent from $156.3 million. CEO Mike Gianoni talked less about specific products than about the company's new approach to development. He focused a great deal of attention on the cloud-platform Sky, its first open architecture development environment. The implementation of Sky is designed to speed development of applications for Blackbaud's cloud-based NXT generation of products. Sky has had other benefits. "An open architecture is allowing our own team to move at a fast pace," Gianoni said in a recent earnings webcast.

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