Blackbaud Announces 2019 Fourth Quarter and Full Year Results
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Blackbaud (BLKB) Tops Q4 EPS by 1c, Revenues Beat; Offers FY20 EPS/Revenue Mid-Point Guidance Above Consensus
February 10, 2020 4:18 PM ESTBlackbaud (NASDAQ: BLKB) reported Q4 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $237.84 million versus the consensus estimate of $232.23 million.
Fourth Quarter 2019 Results Compared to Fourth Quarter 2018 Results:
Total GAAP revenue was $237.8 million, up 7.5%, with $219.8 million in GAAP recurring revenue, representing 92.4% of total GAAP revenue. GAAP recurring revenue was up 9.9%.Total non-GAAP revenue was $238.1 million, up 7.3%, with $220.1 million in non-GAAP recurring revenue, representing 92.4% of total non-GAAP revenue. Non-GAAP recurring revenue was up 9.8%.Non-GAAP organic recurring revenue increased 6.7%.GAAP income from... More