Convio posts first-quarter net income

May 26, 2010

Convio, a software firm in Austin, Tex., that provides constituent-engagement solutions for nonprofits, reported $16.7 million in revenue in the first three months of 2010, compared to $14.7 million in the same period a year earlier.

Convio, which in April sold stock to the public for the first time, raising $46.2 million through the sale of 5.1 million shares, also reported net income of $200,000, or one cent a share, compared to a net loss of $1.8 million, or 25 cents a share, in the first quarter last year.

The company said its clients raised over $436 million in online donations in the three-month period, up from $155 million in the same period a year ago.

Excluding transactions related to disaster-relief efforts, it said, online fundraising grew 20 percent from the same period last year.

Convio said its clients sent roughly one billion emails to constituents, up 25 percent from the same period last year, with an average deliverablity rate of roughly 95 percent.

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