Blackbaud turned in a strong performance for the second quarter ended June 30 as revenue grew by 13.9 percent and the company bounced back from a year-earlier loss. The Charleston, S.C.-based nonprofit software vendor had net income of $6.6 million, compared to a loss of $2.3 million in last year's corresponding period. The results exceeded the company's guidance. "We exceeded high end of our guidance in both the top and bottom lines," CEO Marc Chardon said in an earnings webcast. The company got more CRM customers in the enterprise space brought a record number live during the most recently ended period. He also pleased with the rapid growth of subscription revenue, with those deals outnumbering license sales five to one. Part of the improvement stemmed from digesting last year's purchase of Convio. However, Chardon noted he expects the trend of modest growth in charitable giving would continue. "We are not anticipating a material change one way or another in the near term," he said. Executives did not discuss specific future products, but said investment in the cloud will increase. "You won't see R&D going down," said Chardon, adding that there would be some SaaS investments "That might move it gently in the other direction." The company also plans to hire more aggressively in the second half.