Blackbaud's annual revenue for the full year 2023 was $1.1 billion. This figure represents their GAAP (Generally Accepted Accounting Principles) total revenue.
Blackbaud's 2023 Financial Highlights
Blackbaud, a leading provider of software and services for the global social good community, reported robust financial results for the full year ended December 31, 2023. Their revenue growth reflects strong performance and increased adoption of their solutions.
Key financial insights for 2023 include:
- Total Revenue: Blackbaud achieved $1.1 billion in GAAP total revenue for 2023. This marks a 4.5% increase compared to their full-year 2022 results.
- Recurring Revenue: A significant portion of their revenue is recurring. GAAP recurring revenue for 2023 also stood at $1.1 billion, showing a healthy 5.9% increase year-over-year. This indicates a strong subscription-based business model, where clients consistently utilize their software and services.
These figures underscore Blackbaud's solid financial health and its continued growth trajectory within the social good technology sector.
Annual Revenue Overview
To provide a clearer perspective on Blackbaud's recent financial performance, here's a summary of their key revenue metrics for 2023:
| Revenue Metric | Full-Year 2023 Result | Year-over-Year Growth (vs. 2022) |
|---|---|---|
| GAAP Total Revenue | $1.1 billion | 4.5% |
| GAAP Recurring Revenue | $1.1 billion | 5.9% |
For more detailed information regarding Blackbaud's financial performance and strategic initiatives, you can explore their recent financial announcements.
