Free Post Earnings Research Report: Blackbaud’s Quarterly Sales Grew 9.4%; Adjusted Earnings Advanced 5.1%

Stock Monitor: Pegasystems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 02, 2018 / Active-Investors.com has just released a free earnings report on Blackbaud, Inc. (NASDAQ: BLKB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BLKB. The Company reported its fourth quarter fiscal 2017 and the full fiscal year 2017 operating and financial results on February 06, 2018. The software and services provider in the non-profit sector exceeded earnings expectations and provided guidance for the full fiscal year 2018. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Pegasystems, Inc. (NASDAQ: PEGA), which also belongs to the Technology sector as the Company Blackbaud. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=PEGA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Blackbaud most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BLKB

Earnings Highlights and Summary

For Q4 2017, Blackbaud’s total GAAP revenues were $216.98 million, up 9.4% compared to $198.31 million in Q4 2016. The Company’s total non-GAAP revenues were $218.8 million, up 10.3% on a y-o-y basis. Blackbaud’s GAAP revenue numbers fell short of analysts’ estimates of $217.3 million.

During Q4 2017, Blackbaud’s GAAP recurring revenues were $181.9 million, representing 83.8% of total GAAP revenues. The Company had $151.94 million in GAAP subscription revenues, representing 70.0% of total GAAP revenues for the reported quarter compared to $122.66 million in the prior year’s same quarter. For Q4 2017, Blackbaud recorded non-GAAP recurring revenues of $183.7 million, representing 84.0% of total non-GAAP revenues; and $153.7 million in non-GAAP subscription revenues, representing 70.3% of total non-GAAP revenues.

For Q4 2017, Blackbaud’s GAAP income from operations decreased 22.0% to $18.74 million on a y-o-y basis compared to $24.02 million in Q4 2016; with a GAAP operating margin decreasing 350 basis points to 8.6% y-o-y. The Company’s reported quarter non-GAAP income from operations climbed 5.0% to $46.0 million, with non-GAAP operating margin decreasing 110 basis points to 21.0%.

Blackbaud’s GAAP net income totaled $30.71 million, or $0.64 per diluted share, for Q4 2017 compared to $17.28 million, or $0.36 per diluted share, in Q4 2016. The Company’s non-GAAP net income increased 5.1% to $29.4 million, with non-GAAP diluted earnings per share (EPS) of $0.61, up 3.4% on a y-o-y basis. Blackbaud’s EPS beat Wall Street’s estimates of $0.60.

For the full fiscal year 2017, Blackbaud’s total GAAP revenues advanced 7.9% to $788.31 million compared to $730.82 million in FY16. The Company’s total non-GAAP revenues were $790.8 million in FY17, up 7.7% on a y-o-y basis.

For FY17, Blackbaud’s GAAP net income totaled $65.93 million, or $1.38 per diluted share, compared to $41.42 million, or $0.88 per diluted share, in FY16. The Company’s non-GAAP net income increased 14.4% to $103.7 million in FY17, with non-GAAP diluted EPS up 13% to $2.17 on a y-o-y basis.

Cash Matters

For Q4 2017, Blackbaud’s free cash flow was $43.4 million, reflecting a decrease of $0.6 million on a y-o-y basis. The Company’s free cash flow was $137.7 million in FY17, reflecting an increase of $28.2 million compared to FY16.

Financial Outlook

For the full fiscal year 2018, Blackbaud is forecasting non-GAAP revenues to be in the range of $870 million to $890 million. The Company is expecting non-GAAP operating margin to be in the band of 20.6% to 21.0%, and non-GAAP diluted EPS to be in the range of $2.75 to $2.88. Blackbaud is projecting free cash flow of $165 million to $175 million in FY18.

Stock Performance Snapshot

March 01, 2018 – At Thursday’s closing bell, Blackbaud’s stock dropped 1.75%, ending the trading session at $100.73.

Volume traded for the day: 302.05 thousand shares, which was above the 3-month average volume of 271.49 thousand shares.

Stock performance in the last month – up 5.27%; previous six-month period – up 21.58%; past twelve-month period – up 36.68%; and year-to-date – up 6.60%

After yesterday’s close, Blackbaud’s market cap was at $4.76 billion.

Price to Earnings (P/E) ratio was at 104.71.

The stock has a dividend yield of 0.48%.

The stock is part of the Technology sector, categorized under the Business Software & Services industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 491450