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Dec 31, 2020
Blackbaud Q4 2020 Earnings Report
Blackbaud's Q4 2020 performance showcased operational scaling through revenue growth and improved profitability.
Key Takeaways
Blackbaud's Q4 2020 results demonstrated the company's ability to scale operationally, balancing revenue growth with significantly improved profitability. The company's recurring revenue increased by 4.4% year-over-year.
Total GAAP revenue was $242.6 million, up 2.0%, with GAAP recurring revenue of $229.5 million, up 4.4%.
Non-GAAP income from operations was $58.3 million, with non-GAAP operating margin of 24.0%, an increase of 910 basis points.
GAAP net loss was $13.6 million, with GAAP diluted loss per share of $0.28, down $0.31 per share.
Non-GAAP net income was $42.0 million, with non-GAAP diluted earnings per share of $0.85, up $0.34 per share.
Blackbaud
Blackbaud
Forward Guidance
Blackbaud will provide its 2021 financial outlook on the earnings conference call.