Inside Philanthropy

A blog on philanthropy and nonprofit news and issues. A publication of Philanthropy Journal.

February 6, 2007

Blackbaud reports growth

Blackbaud, a provider of software and services for nonprofits, says its net income grew for the fourth quarter but fell for the year, while its revenue grew for the quarter and year, compared to the same periods a year earlier, PJ reports today.

Blackbaud also announced an increase in its annual dividend to 34 cents a share from 28 cents, and declared a first-quarter dividend of 8.5 cents a share.

Its acquisition of Target Software and Target Analysis Group, announced in January, has made Blackbaud “an undisputed market leader in director response market for the nonprofit sector, a significant new market opportunity for us,” says CEO Marc Chardon.

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