New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2014
08:19 EDTBLKBBlackbaud 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.
News For BLKB From The Last 14 Days
Check below for free stories on BLKB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
09:01 EDTBLKBBlackbaud to acquire MicroEdge for $160M
Blackbaud announced it has signed an agreement to acquire MicroEdge, LLC, a provider of mission-critical software solutions for the philanthropic giving community worldwide. This acquisition dramatically expands Blackbaud’s offerings in the philanthropic giving sector with MicroEdge’s comprehensive technology solutions for grantmaking, corporate social responsibility and foundation management. This combination also positions the expanded Blackbaud business to deliver innovation within its current customer base, as well as to organizations that provide funding to support nonprofit missions. Under the purchase agreement for the transaction, Blackbaud will acquire all of the outstanding equity interests of MicroEdge for an aggregate purchase price of $160M. The closing of the transaction is expected to occur in the fourth quarter of 2014, subject to customary closing conditions, including the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended. Blackbaud expects to finance the acquisition with cash on hand and borrowings under its existing credit facility.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use