On May 3, Blackbaud (NASDAQ:BLKB), a software maker for nonprofit organizations, released first-quarter earnings for the period ended March 31.

  • Revenues for the Motley Fool Rule Breakers recommendation increased by 26.5%, primarily driven by growth in the services and subscriptions segments.

  • Both revenue and profits exceeded the high end of management's own guidance, and the stock jumped 20%.

  • The stock carries a middle-of-the-road three-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$55,321.0

$43,732.0

26.5%

Net Profit

$5,860.0

$5,670.0

3.4%

EPS

$0.13

$0.13

0%

Diluted Shares

44,833.1

44,600.2

0.5%

Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

64%

68.9%

(4.8)

Operating Margin

17.1%

21.1%

(4.0)

Net Margin

10.6%

13%

(2.4)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$15,982.0

$16,490.0

(3.1%)

Accounts Rec.

$33,843.0

$24,891.0

36%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$5,091.0

$3,330.0

52.9%

Long-Term Debt

$930.0

$0.0

N/A

Learn the ways of the balance sheet.

Cash Flow Highlights

Q1 2007

Q1 2006

Change

Cash From Ops.

$7,547.0

$3,260.0

131.5%

Capital Expenditures

$1,050.0

$264.0

297.7%

Free Cash Flow

$6,497.0

$2,996.0

116.9%

Free cash flow is a Fool's best friend.

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.