Spurred by double-digit spikes in service and subscription revenues, nonprofit software vendor Blackbaud Inc. posted first-quarter profits of $10.9 million for the period ended March 31, versus net income of $4 million for the year-ago quarter.
The company, headquartered here, said that first-period revenues rose 19 percent, to $37.3 million, versus the same period for fiscal 2004.
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