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BLACKBAUD SHOWS STRONG EARNINGS Featured

Mike Gianoni, BlackbaudBlackbaud turned in a 40.1-percent rise in net income on an 11.1-percent increase in revenue for the second quarter ended June 30. Net income hit $9.3 million, up from $6.6 million in last year’s corresponding period. Revenue rose to $139.4 million in the most recently ended period, compared to $125.5 million a year ago. CEO Mike Gianoni said organic revenue growth was double the rate of the previous few years. This week’s earnings webcast for the quarter was less focused on product direction than were the last two in which executives emphasized the move to spread payments and analytics products across the nonprofit vendor’s product portfolio. The discussion was more about product introductions during the quarter, such as crowd funding capabilities in The Raisers Edge from the acquired Everyday Hero product and the addition of the Data Health Scorecard  Gianoni also pointed to significant additions to the executive team as among the quarter’s accomplishments. This includes the hiring of Kevin McDearis SVP of global product development, announced this week. McDearis was CIO of Manhattan Associates from August 2012 until taking the new job. He was with Checkfree from  October 1996 through its purchase by FiServ in 2007 and was CTO, Fiserv Enterprise Technology from September 2008 through August 2012.

 

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