Blackbaud, Inc. (NASDAQ:BLKB) Q2 2024 Results Conference Call July 31, 2024 8:00 AM ET

Company Participants

Tom Barth - Head of Investor Relations
Mike Gianoni - Chief Executive Officer
Tony Boor - Executive Vice President and Chief Financial Officer

Conference Call Participants

Brian Peterson - Raymond James
Rob Oliver - Baird
Matt VanVliet - BTIG
Parker Lane - Stifel
Kirk Materne - Evercore ISI

Operator

Good day, and welcome to the Blackbaud Inc. Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

I'll now turn the conference over to Tom Barth, Head of Investor Relations. Please go ahead, sir.

Tom Barth

Good morning, everyone. Thank you for joining us on Blackbaud's second quarter 2024 earnings call. I'm Tom Barth, the new Head of Investor Relations here at Blackbaud. I'm very excited to have recently joined the Blackbaud team. I likely know a lot of you, but I look forward to working with all of you.

Joining me on the call today are Mike Gianoni, Blackbaud's CEO, President and Vice Chairman; and Tony Boor, Blackbaud's Executive Vice President and CFO. Mike and Tony will make prepared remarks and then we'll open up the line for your questions. Please note that our comments today contain forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Please refer to our most recent Form 10-K and other SEC forms for more information on those risks.

The discussion today will focus on non-GAAP results. Please refer to our press release and the investor materials posted to our website for the full details on our financial performance, including GAAP results as well as full year guidance. We believe that a combination of both GAAP and non-GAAP measures are more representative of how we internally measure our business. Unless otherwise specified, we will refer only to non-GAAP financial measures on this call. Please note that non-GAAP financial measures should not be considered in isolation from or as a substitute for GAAP measures.

With that, I'll turn the call over to you, Mike.

Mike Gianoni

Thank you, Tom, and good morning, everyone. Before I talk about our second quarter, I'd like to highlight how far our company has come these past several years by executing on our five-point operating plan. We've extended our position as the world's leading provider of software to power, social impact through product innovation to better serve the very specific needs of non-profit customers. Successfully implemented key revenue initiatives to enhance the predictability of our growth, all while maintaining key attention to cost management and cash flow.