CHARLESTON, S.C. (AP) — CHARLESTON, S.C. (AP) — Blackbaud Inc. (BLKB) on Wednesday reported second-quarter net income of $35.4 million.
The Charleston, South Carolina-based company said it had profit of 79 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.33 per share.
The software and services provider in the nonprofit sector posted revenue of $290.6 million in the period.
Blackbaud shares have declined 43% since the beginning of the year. The stock has declined 44% in the last 12 months.
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