Rapidly Growing Subscriptions Drove Blackbaud, Inc.'s Third-Quarter Results

Rapidly Growing Subscriptions Drove Blackbaud, Inc.'s Third-Quarter Results

Customers continue to flock to Blackbaud's (NASDAQ: BLKB) cloud-based software solutions. That drove solid revenue growth in the third quarter and will make future sales more predictable due to the subscription-based nature of these products. As a result, the company remains on track to achieve its full-year outlook as well as its long-term aspirational goals.

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Q3 2017

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Source: Fool.com