Nonprofit fundraising and financial platform firm Blackbaud posted net income of $4.8 million on revenue of $152.8 million during the fourth quarter of 2014. For the year, Blackbaud reported profit of $28.3 million, or 62 cents per share.

Revenue for the year was reported as $564.4 million, a 12 percent increase from 2013.

Traded on the NASDAQ exchange with the ticker symbol BLKB, the firm’s stock price is up more than 30 percent for the previous 12-month period and closed at $42.41, slightly off its 52-week high of $44.83. Earning for the quarter missed projections by one cent per share.

In its report to investors, the firm highlighted that in its fourth quarter subscriptions revenue was $73.1 million, up 20.1 percent; non-GAAP organic revenue growth was 7.5 percent; total revenue was $152.8 million, up 13.3 percent; recurring revenue was 73 percent of total revenue; and, non-GAAP income from operations was $27.6 million.

The firm announced a 12-cent per share dividend for stockholders of record on Feb. 27, payable on March 13. Blackbaud has a market capitalization of $2 billion and there are approximately 46.3 million shares outstanding. On average 221,000 shares are traded daily.

On its guidance for 2015, the firm projected total non-GAAP revenue of $625 million to $645 million; total non-GAAP revenue growth of approximately 10 between and 13 percent; non-GAAP operating income of between $112 million and $118 million; non-GAAP operating margin of between 17.9 percent and 18.3 percent; non-GAAP diluted earnings per share of between $1.39 and $1.47; and, cash flow from operations of between $110 million to $120 million.

Matt DiLallo of investment site Motley Fool wrote the “overall picture was quite positive.” He also wrote, “Not only did the company achieve the higher end of its own guidance range, but its organic growth also accelerated in the quarter. It expects this solid performance to continue over the next year as it sees double-digit growth in revenue, earnings, and cash flow in 2015.”

Among the reasons given for missed earnings estimates was Blackbaud’s acquisition of software firms WhippleHill for which the firm paid $35 million and MicroEdge for which it paid $160 million.