Blackbaud sees FY14 operating margins down 200 bps from prior year The company said increased investments are expected to reduce operating margins in 2014 by approximately 200 basis points when compared to 2013. The company sees offseting some of the impacts from increased efficiencies so the impact to P&L will be less than 200 points overall. The company said in 2015 and beyond it expects "materially higher revenue growth" to go along with a return to higher operating margins. Comments from Q4 earnings conference call.
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