Blackbaud reports Q3 adjusted EPS $1.12, consensus 97c

Reports Q3 revenue 277.6M$, consensus $275.86M. “We produced very strong results in the third quarter,” said Mike Gianoni, president and CEO, Blackbaud. “Further margin expansion and accelerating revenue growth enabled us to exceed the Rule of 40 a quarter earlier than expected. We are well positioned to build on our momentum in 2024 and are excited about the significant profitable growth and substantial value creation we can achieve through the continued execution of our five-point operating plan.”