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Blackbaud reports jump in sales, profits

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Software provider Blackbaud posted sales and profit growth during the second quarter of the year and announced plans to pay a third-quarter dividend.

Total revenue for the quarter, which ended June 30, stood at $72.5 million, up 13 percent from the second quarter of 2007.

Net income rose to $9 million, or 21 cents a share, compared to $8.2 million, or 19 cents a share, in the same period last year.

“We are pleased with the company’s overall financial performance in the second quarter in the face of the continued challenging economic environment,” Marc Chardon, Blackbaud’s CEO, says in a statement.

The positive financial results are due in part to corporate acquisitions and the addition of new customers, he says.

The company says it will pay a dividend of 10 cents a share to stockholders of record on Aug. 28, 2008.

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