Blackbaud, a provider of software and services for nonprofits, reported net income of $6.8 million, or 15 cents per diluted share, in the three months ended June 30, compared to $6.6 million, or 15 cents per diluted share, in the same period a year ago.
Revenue for the second quarter totaled $80.7 million, up 6 percent from $76.4 million a year ago.
"While the pace of economic recovery remains uncertain, we saw increased evidence of stabilization and improvement in the nonprofit market during the second quarter," CEO Marc Chardon says in a statement.
The board of directors of Blackbaud, which is based in Charleston, S.C., declared a third-quarter dividend of 11 cents a share payable on Sept. 15, 2010, to shareholders of record on Aug. 27, 2010.
The board also authorized a new program to repurchase up to $50 million of the company's common stock.
The amount remaining under the company's previous share repurchase authorization, which expires July 31, 2010, totals $8.2 million.
Blackbaud says 22,000 organizations use its products and services.
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