Blackbaud Q1 revenue up 6.7% to $279.3M; non-GAAP EPS $0.93 up from $0.72

BLACKBAUD INC

2024-Q1 EPS reported $0.10 revenue$279,250,000

GAAP revenue $279.3M (+6.7% YoY); recurring revenue $271.5M (97% of total, +7.4%).
Non-GAAP diluted EPS $0.93 vs $0.72 YoY; GAAP EPS $0.10 vs ($0.28) loss YoY.
Non-GAAP operating margin 25.9% (+430 bps); adjusted EBITDA $88.9M (+25% YoY).
Repurchased ~3M shares (~5.5% of outstanding) in Q1; full-year target 7-10%.
Security incident-related costs $10.3M in Q1; non-GAAP free cash flow $51.3M (+$44.8M YoY).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BLACKBAUD INC reported the first quarter ended March 31, 2024 results: revenue $279.3 million, net income $5.2 million, EPS $0.10.

Period: the first quarter ended March 31, 2024
Revenue: $279.3 million
Net income: $5.2 million
EPS: $0.10
Result: reported results

Exact text from the filing

future and are confident in our ability to achieve the Rule of 40 for the full year." First Quarter 2024 Results Compared to First Quarter 2023 Results: • GAAP total revenue was $279.3 million, up 6.7%, with $271.5 million in GAAP recurring revenue, up 7.4%. GAAP recurring revenue was 97% of total revenue. • Non-GAAP organic recurring revenue increased 7.4%. • GAAP

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Source: SEC EDGAR

accession 0001280058-24-000035

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