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Dec 31, 2019
Blackbaud Q4 2019 Earnings Report
Blackbaud's Q4 2019 earnings were announced, revealing a strong finish to the year with recurring revenue growth and achievement of financial guidance.
Key Takeaways
Blackbaud reported a 7.5% increase in total GAAP revenue, reaching $237.8 million. GAAP recurring revenue grew by 9.9%, representing 92.4% of total GAAP revenue. The company achieved its full year financial guidance and exceeded the mid-point of its ranges for revenue and earnings per share.
Total GAAP revenue increased by 7.5% to $237.8 million.
GAAP recurring revenue grew by 9.9%, accounting for 92.4% of total GAAP revenue.
GAAP income from operations was $3.6 million, with a 1.5% operating margin.
Non-GAAP free cash flow was $46.1 million.
Blackbaud
Blackbaud
Forward Guidance
Blackbaud announced its 2020 full year financial guidance:
Positive Outlook
- Non-GAAP revenue of $930 million to $955 million
- Non-GAAP operating margin of 16.0% to 16.5%
- Non-GAAP diluted earnings per share of $2.20 to $2.35
- Non-GAAP free cash flow of $100 million to $115 million