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KINTERA PRODUCTS BUOY BLACKBAUD RESULTS

blackbaudRevenue from Kintera products, the online vendor purchased by Blackbaud in July 2008, continues to support Blackbaud's revenue in the nine months ended September 30, according to the company’s form 10-Q.

 

The company said Kintera revenue of $16.1 million for the nine months pushed results up by 4 percent. Without that added money, Blackbaud's nine-month income would have dipped by 3 percent. Even with the inclusion of Kintera, third-quarter revenue was off by 1 percent from the corresponding period a year earlier. As with many software companies, Blackbaud saw license sales drop while maintenance revenue rose. Income from new licenses dropped to $5.9 million for the most recently ended quarter, down 27 percent from $8.1 million a year ago. The fall off in service revenue was less, declining 4.3 percent to $22.8 million from $27.1 million. Maintenance revenue, however, rose to $29.8 million, up 9 percent from $27.4 million a year earlier. Subscription revenue climbed even more steeply, reaching $19.2 million, an increase of 24 percent from $15.5 million.
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