EXPENSES DENT BLACKBAUD EARNINGS
- Thursday, 03 May 2012
- News and Analysis
Expenses took a bite out of the bottom line at nonprofit vendor Blackbaud as the company had good sales growth. Net income for the first quarter ended March 31 dropped to $2.8 million, down 62.2 percent from $7.3 million in last year's corresponding period. Revenue grew to $94.7 million, up 9.3 percent from $86.6 million a year ago.
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