SWITCH TO SUBS HITTING BLACKBAUD NET
- Wednesday, 08 August 2012
- News and Analysis
The switch to subscription revenue from traditional sources is hitting Blackbaud’s P&L. And combined with a slower giving and a protracted period for government approval of its Convio acquisition, things piled up a bit on the Charleston, S.C.-based nonprofit specialist. The company lost $2.3 million in the quarter ended June 30, compared to net income of $9.4 million a year earlier.
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