Blackbaud Inc. reports $42 million in fourth quarter revenues

Blackbaud Inc. (Nasdaq: BLKB), a provider of software and related services designed specifically for nonprofit organizations, announced a 19% increase in fourth quarter 2005 revenues of $42.9 million over the same period in 2004.

License revenue increased 17% to $7.9 million, services revenue increased 26% to $12.5 million, and maintenance and subscriptions revenue increased 16% to $20.7 million over fourth quarter 2004.

“We are very pleased with the company’s performance in the fourth quarter, completing a year highlighted by better-than-expected top line momentum and profitability,” said Marc Chardon, chief executive officer of Blackbaud. “Nonprofit organizations are increasingly investing in technology to optimize their fundraising and internal operations, and our industry-leading solutions, experience and customer satisfaction position us well to continue capitalizing on this growing demand.”

Blackbaud’s income from operations and net income were $8.7 million and $6.2 million, respectively, for the fourth quarter 2005 compared with a loss from operations of $9.2 million and a net loss of $4.3 million in the same period last year.