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.
News For BLKB From The Last 14 Days
Check below for free stories on BLKB the last two weeks.
Blackbaud raises FY14 revenue view to $545M-$560M from $535M-$550M FY14 consensus $546.67M. Sees FY14 non-GAAP income from operations to range from $94M-$100M with a midpoint of $97M, consensus $1.21. The updated range midpoints for revenue and non-GAAP income from operations represent increases of $10M and $2M, respectively, from previously provided 2014 full-year goals. The increases were a result of the company's better than originally expected second quarter and year to date financial performance which is expected to continue for the remainder of 2014 and as a result of modest incremental revenue expected from the acquisition of WhippleHill.