Blackbaud (BLKB) Q1 Earnings Beat Estimates, Revenues Up Y/Y
Blackbaud(BLKB) Zacks Investment Research·2024-05-01 21:46
Blackbaud (BLKB) reported first-quarter 2024 non-GAAP earnings per share (EPS) of 93 cents, which surpassed the Zacks Consensus Estimate by 9.4%. The bottom line increased 29.2% year over year.Total revenues jumped 6.7% year over year to $279.3 million, driven by growth in recurring revenues. Successful execution of its five-point operating plan has been instrumental in driving revenue growth and increasing profitability. Revenues missed the Zacks Consensus Estimate by 1.1%.Total recurring revenues (contrib ...