Blackbaud, Inc. Announces 2014 Fourth Quarter and Full Year Results

CHARLESTON, SC – Blackbaud, Inc. (Nasdaq:BLKB), a leading global provider of software and services for the nonprofit, charitable giving and education communities, today announced financial results for its fourth quarter and full year ended December 31, 2014.

Fourth Quarter 2014 Highlights

• Subscriptions revenue of $73.1 million, achieving growth of 20.1%
• Non-GAAP organic revenue growth accelerates to 7.5%
• Total revenue of $152.8 million, achieving 13.3% growth
• Recurring revenue represented 73.0% of total revenue
• Non-GAAP income from operations of $27.6 million

2015 Full Year Financial Guidance

• Total non-GAAP revenue of $625 million to $645 million
• Total non-GAAP revenue growth of approximately 10% to 13%
• Non-GAAP operating income of $112 million to $118 million
• Non-GAAP operating margin of 17.9% to 18.3%
• Non-GAAP diluted earnings per share of $1.39 to $1.47
• Cash flow from operations of $110 million to $120 million

Mike Gianoni, president and chief executive officer, commented, “Our fourth quarter performance continued to illustrate the increasing momentum we have generated in 2014 at Blackbaud. We are proud of our team’s commitment to success and focus on executing our five growth and operational improvement strategies. Our organization achieved several key milestones in 2014, including our goals to accelerate organic revenue growth, which was 7.5% in the fourth quarter and 7.1% for the year, and to provide improved product quality and innovative solutions for our customers.”

About Blackbaud

Serving the nonprofit, charitable giving and education communities for more than 30 years, Blackbaud (Nasdaq:BLKB) combines technology solutions and expertise to help organizations achieve their missions. Blackbaud works in over 60 countries to support more than 30,000 customers, including nonprofits, K12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations. The company offers a full spectrum of cloud and on-premise solutions, and related services for organizations of all sizes, including nonprofitfundraising and relationship management, eMarketing, advocacy, accounting, payments, analytics, as well as grant management, corporate social responsibility, education and other solutions. Using Blackbaud technology, these organizations raise, invest, manage and award more than $100 billion each year. Recognized as a top company, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, the Netherlands, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.