Blackbaud (BLKB) Raises FY Cash Flow Guidance
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Blackbaud Adopts Stock Compensation Accounting Standard; Increases 2016 Operating Cash Flows Expectations
October 24, 2016 4:30 PM EDTCHARLESTON, S.C., Oct. 24, 2016 /PRNewswire/ -- Blackbaud, Inc. (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that it increased its full-year operating cash flow expectations for 2016 as a result of its early adoption of ASU 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). The Company now expects its full-year cash flow from operations for 2016 to be $147.0 million to $157.0 million, up from $135.0 million to $145.0 million previously, and reaffirmed its previously announced non-GAAP revenue, non-GAAP income from operations, non-GAAP operating margins and... More
