Blackbaud reports Q1 non-GAAP EPS 96c, consensus 92c

Reports Q1 revenue $270.7M, consensus $268.69M. “Our strong first quarter results are a testament to our continued execution against our strategic initiatives to drive long-term profitable growth,” said Mike Gianoni, CEO. “Financially, we grew the top line on an organic basis, while making substantial progress towards improved profitability and returning capital through stock repurchases. Blackbaud (BLKB) is a much stronger company than it was just one year ago and remains the clear leader in the social impact software market. Our solid first quarter gives me confidence that Blackbaud is well positioned for 2025 and beyond as we aim to be a Rule of 45 company by 2030.”