Key Developments For Blackbaud, Inc.
Blackbaud, Inc. (BLKB.O) (Nasdaq)
Blackbaud, Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates; Issues FY 2009 Guidance; Earnings Guidance Above Analysts' Estimates-Conference Call
Blackbaud, Inc. announced that for fourth quarter of 2009, it expects non-GAAP revenue of $77-$79 million, with non-GAAP operating income of approximately $16.5-$17.5 million leading to non-GAAP earnings per share of $0.23-$0.24. This will then translate into fiscal 2009 non-GAAP revenue of approximately $310-$312 million, non-GAAP operating income of $66-$67 million and non-GAAP earnings per share of $0.91-$0.93. It currently expect to deliver a non-GAAP operating margin approaching 21.5% for fiscal 2009, which is well above original goal of a 20% non-GAAP operating margin. According to Reuters Estimates, analysts were expecting the Company to report revenues of $79 million, EBIT of $16.9 million and EPS of $0.23 for fourth quarter of 2009; revenues of $311 million, EBIT of $65 million and EPS of $0.90 for fiscal 2009.
Blackbaud, Inc. Announces The Ohio State University Will Use CRM Solution To Unite Development, Outreach And Engagement Efforts
Blackbaud, Inc. announced that The Ohio State University has selected Blackbaud Enterprise CRM as its new fundraising system.
Blackbaud, Inc. Announces Fourth Quarter 2009 Dividend
Blackbaud, Inc. announced that its Board of Directors has declared a fourth quarter dividend of $0.10 per share payable on December 15, 2009 to stockholders of record on November 27, 2009.
University Of Michigan Selects Blackbaud, Inc.'s Enterprise CRM and Target Analytics
Blackbaud, Inc. announced that the University of Michigan, one of the research universities, has selected Blackbaud Enterprise CRM and Target Analytics to replace its system-wide fundraising technology and prospect research services. On August 28, 2009, the University contracted with Blackbaud for a full implementation. Blackbaud Enterprise CRM will provide the University with enhanced capabilities in fundraising, marketing, prospect research, volunteer and event management, and website administration. In addition, the solution will provide flexible reporting and analytical capabilities, strong data security and end-user access administration, and technical tools to support configuration and customization options. Blackbaud Enterprise CRM will centralize data from more than 40 University fundraising units located on three different campuses and from more than 1,000 users that access constituent information in different ways and require different views of the data. In addition, the solution will provide improved reporting and information deployment, integration with other University systems, streamlined accounting, and technical support activities.
Blackbaud, Inc. Issues Q3 2009 Earnings Outlook; Revenue Outlook Below Analysts' Estimates-Conference Call
Blackbaud, Inc. announced that for third quarter of 2009, it expects total non-GAAP revenue of $76-$78 million, non-GAAP operating income (EBIT) of approximately $15.5-$16.5 million and non-GAAP earnings per share (EPS) of $0.22-$0.23. According to Reuters Estimates, analysts were expecting the Company to report revenues of $79 million, EBIT of $15.7 million and EPS of $0.22 for the same period.
