Blackbaud, Inc. Announces Fourth Quarter and Full Year 2008 Results

Timothy V. Williams, Chief Financial Officer of Blackbaud, stated, “We are proud of the Company’s accomplishments in 2008 considering the increasingly challenging economic environment. During 2008, Blackbaud generated top line growth organically and even more rapid growth including strategic acquisitions. In addition, the Company delivered close to 23% non-GAAP operating margins that drove approximately 13% growth in non-GAAP EPS, while $60 million in cash from operations were a primary enabler to the Company returning over $61 million to stockholders in the form of dividends and share repurchases.”