The stock remained extremely oversold going into the second quarter call, despite a very positive pre-announce in mid-July. License revenue, earnings, and organic revenue were all strong--everything we've come to expect from this company. Blackbaud continues to dominate the non-profit sector with the acquisition of eTapestry, which bolsters its position on the low end. The company seems firmly back on the beat and raise path, as it faces a favorable second half with easy comparisons.
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