BLACKBAUD ANNOUNCES 4Q RESULTS; LAUNCHES STOCK BUYBACK PROGRAM: Nonprofit software vendor Blackbaud Inc. posted a fourth-quarter loss of $4.3 million for the period ended Dec. 31, compared with a loss of $129,000 for the fourth quarter of last year.Meanwhile, systemwide revenue rose 17 percent, to $35.7 million, compared with the fourth quarter of 2003. License revenue increased 15 percent to $6.8 million; services revenue rose 21 percent to $9.9 million; and maintenance and subscriptions revenue increased 17 percent, to $17.6 million, over the comparable period of fiscal 2003.
The maker of such proprietary products as Raiser's Edge said that it is also instituting a stock-buyback program in which its board of directors approved a share buyback of up to $35 million worth of the company's common stock - representing roughly 2.6 million shares.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access