Loading...
•
Sep 30, 2020
Blackbaud Q3 2020 Earnings Report
Delivered increased profitability driving 11% year over year increase in diluted earnings per share.
Key Takeaways
Blackbaud announced its Q3 2020 financial results, reporting a total GAAP revenue of $215.0 million, a decrease of 2.8%. The company's GAAP diluted earnings per share increased by $0.01 to $0.10, and non-GAAP diluted earnings per share increased by $0.17 to $0.73.
Total GAAP revenue was $215.0 million, down 2.8%, with GAAP recurring revenue representing 93.1% of total GAAP revenue.
GAAP income from operations was $10.1 million, with GAAP operating margin of 4.7%, an increase of 110 basis points.
Non-GAAP net income was $35.7 million, with non-GAAP diluted earnings per share of $0.73, up $0.17 per share.
Non-GAAP free cash flow was $41.4 million, a decrease of $21.1 million.
Blackbaud
Blackbaud
Forward Guidance
Blackbaud is focused on driving a strong margin profile, managing revenue pressures, and investing in engineering and security. They completed the purchase of their Charleston headquarters and will optimize their real estate footprint to align with their workforce strategy.