Blackbaud (BLKB) Tops Q1 EPS by 6c; Reaffirms Outlook
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Blackbaud Announces 2018 First Quarter Results
April 30, 2018 4:15 PM EDTFirst Quarter Recurring Revenue Grows 13% representing 89% of total revenue; Reaffirms 2018 Full Year Financial Guidance
CHARLESTON, S.C., April 30, 2018 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced financial results for its first quarter ended March 31, 2018.
"We've continued moving the business towards a subscriptions-based revenue model with our mix of recurring revenue now standing at 89% of total, a new all-time high for us," said Mike Gianoni, Blackbaud's president and CEO. "The market remains strong and we continue to integrate our... More
