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

Full Year 2008 Results
For the year ended December 31, 2008, Blackbaud reported total revenue of $302.5 million, an increase of 18% compared with 2007. GAAP income from operations and net income were $47.4 million and $29.9 million, respectively, for the full year 2008. This compares with income from operations of $52.4 million and net income of $31.7 million in 2007. GAAP diluted earnings per share were $0.68 for the year ended December 31, 2008, compared with $0.71 in the same period last year.