Stock Monitor: Pegasystems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 02, 2018 / Active-Investors.com has just released a free earnings report on Blackbaud, Inc. (NASDAQ: BLKB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BLKB. The Company reported its fourth quarter fiscal 2017 and the full fiscal year 2017 operating and financial results on February 06, 2018. The software and services provider in the non-profit sector exceeded earnings expectations and provided guidance for the full fiscal year 2018. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Pegasystems, Inc. (NASDAQ: PEGA), which also belongs to the Technology sector as the Company Blackbaud. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=PEGA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Blackbaud most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BLKB

Earnings Highlights and Summary

For Q4 2017, Blackbaud's total GAAP revenues were $216.98 million, up 9.4% compared to $198.31 million in Q4 2016. The Company's total non-GAAP revenues were $218.8 million, up 10.3% on a y-o-y basis. Blackbaud's GAAP revenue numbers fell short of analysts' estimates of $217.3 million.

During Q4 2017, Blackbaud's GAAP recurring revenues were $181.9 million, representing 83.8% of total GAAP revenues. The Company had $151.94 million in GAAP subscription revenues, representing 70.0% of total GAAP revenues for the reported quarter compared to $122.66 million in the prior year's same quarter. For Q4 2017, Blackbaud recorded non-GAAP recurring revenues of $183.7 million, representing 84.0% of total non-GAAP revenues; and $153.7 million in non-GAAP subscription revenues, representing 70.3% of total non-GAAP revenues.

For Q4 2017, Blackbaud's GAAP income from operations decreased 22.0% to $18.74 million on a y-o-y basis compared to $24.02 million in Q4 2016; with a GAAP operating margin decreasing 350 basis points to 8.6% y-o-y. The Company's reported quarter non-GAAP income from operations climbed 5.0% to $46.0 million, with non-GAAP operating margin decreasing 110 basis points to 21.0%.

Blackbaud's GAAP net income totaled $30.71 million, or $0.64 per diluted share, for Q4 2017 compared to $17.28 million, or $0.36 per diluted share, in Q4 2016. The Company's non-GAAP net income increased 5.1% to $29.4 million, with non-GAAP diluted earnings per share (EPS) of $0.61, up 3.4% on a y-o-y basis. Blackbaud's EPS beat Wall Street's estimates of $0.60.

For the full fiscal year 2017, Blackbaud's total GAAP revenues advanced 7.9% to $788.31 million compared to $730.82 million in FY16. The Company's total non-GAAP revenues were $790.8 million in FY17, up 7.7% on a y-o-y basis.

For FY17, Blackbaud's GAAP net income totaled $65.93 million, or $1.38 per diluted share, compared to $41.42 million, or $0.88 per diluted share, in FY16. The Company's non-GAAP net income increased 14.4% to $103.7 million in FY17, with non-GAAP diluted EPS up 13% to $2.17 on a y-o-y basis.

Cash Matters

For Q4 2017, Blackbaud's free cash flow was $43.4 million, reflecting a decrease of $0.6 million on a y-o-y basis. The Company's free cash flow was $137.7 million in FY17, reflecting an increase of $28.2 million compared to FY16.

Financial Outlook

For the full fiscal year 2018, Blackbaud is forecasting non-GAAP revenues to be in the range of $870 million to $890 million. The Company is expecting non-GAAP operating margin to be in the band of 20.6% to 21.0%, and non-GAAP diluted EPS to be in the range of $2.75 to $2.88. Blackbaud is projecting free cash flow of $165 million to $175 million in FY18.

Stock Performance Snapshot

March 01, 2018 - At Thursday's closing bell, Blackbaud's stock dropped 1.75%, ending the trading session at $100.73.

Volume traded for the day: 302.05 thousand shares, which was above the 3-month average volume of 271.49 thousand shares.

Stock performance in the last month ? up 5.27%; previous six-month period ? up 21.58%; past twelve-month period ? up 36.68%; and year-to-date ? up 6.60%

After yesterday's close, Blackbaud's market cap was at $4.76 billion.

Price to Earnings (P/E) ratio was at 104.71.

The stock has a dividend yield of 0.48%.

The stock is part of the Technology sector, categorized under the Business Software & Services industry.

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