The Charleston, S.C.-based nonprofit specialist reported $6.8 million in earnings for the most recently ended period, up from $6.59 million a year ago. Recent revenue was $80.8 million, a increase from last year's $76.4 million. The company's subscription income continued to help results with $20.4 million from that source in the second quarter, an increase of 14.7 percent from $17.8 million a year ago. CEO Marc Chardon said there was some increased spending from moderately-sized companies whose fiscal years on June 30, but there was no broad-based pickup. Because of the modest optimism, the executive said the company is building head count in professional services to deliver a against services back log which is well above historical levels. The main product focus was sales of the company enterprise CRM product whose results pleased executives.
BLACKBAUD STARTS HIRING
With sales and net income moving up, Blackbaud took the opportunity to get more feet on the street and increased spending on sales and marketing. The company reported a 3-percent increase in net income for the second quarter ended June 30, on a 5.7-percent rise in revenue. And it took just over $19 million out revenue for sales and marketing, 26.2 percent more than the $15.1 million spent in last year's corresponding quarter.
