Blackbaud Inc. (NASDAQ:BLKB) Q4 2015 Earnings Conference Call - Final Transcript

Feb 10, 2016 • 08:00 am ET


Blackbaud Inc. (NASDAQ:BLKB) Q4 2015 Earnings Conference Call - Final Transcript


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Good day, and welcome to the Blackbaud 2015 Fourth Quarter and Year End Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mark Furlong, Director of Investor Relations. Please go ahead, sir.

Mark Furlong

Good morning, everyone, and greetings from Charleston, South Carolina. Thanks for joining us today on Blackbaud's 2015 fourth quarter conference call. Today, we will review our fourth quarter and year end financial and operating results, provide commentary on our performance in the context of our five-point growth strategy and discuss our plans for 2016, including financial guidance for the year and updates to our long-term aspirational goals.

Joining me on the call today are Mike Gianoni, Blackbaud's President and CEO; and Tony Boor, Blackbaud's Executive Vice President and CFO. Mike and Tony will make prepared comments, and then we'll open up the call for your questions.

Please note that our comments today contain forward-looking statements. These statements are based solely on present information and are subject to risks and uncertainties that could cause actual results to differ materially from those projected in our forward-looking statements. Please refer to our SEC filings, including our most recent annual report on Form 10-K and the risk factors contained therein, as well as our periodic reports under the Securities Act of 1934 for more information on these risks and uncertainties and on the limitations that apply to our forward-looking statements.

During this call, we discuss non-GAAP organic revenue growth, which we believe provides useful information for evaluating the periodic growth of our business on a consistent basis. Details of our methodology in calculating non-GAAP organic revenue growth can be found on the Investor Relations section of our website at

Also, please note that a recording and transcript of today's call as well as our quarterly investor materials will be archived on the Investor Relations section of our website. Before I turn the call over to Mike, I would like to communicate our upcoming Investor Relations activity.

During the first quarter, our team will be meeting with investors in Denver, Kansas City, Baltimore, Philadelphia, Boston, London and attending the Stifel Executive Summit, March 9th through 10th in Streamsong, Florida.

Please reach out to Investor Relations if you're interested in connecting at one of these events. I'm now pleased to turn the call over to Blackbaud's President and CEO, Mike Gianoni.

Michael P. Gianoni

Thanks, Mark, and thank you everyone for joining our call today to report on our fourth quarter and year end results for 2015. We have a change in our Investor Relations team with Mark Furlong, now leading our Investor Relations effort. Mark was a part of our IR function this past year, played a key role in our last two Investor Days, and was previously a part of our corporate FP&A team. His knowledge of the company our financials and experience in Investor Relations will prove useful to analysts and investors that are following and evaluating Blackbaud.

With this announcement, Jagtar Narula, who