Correct. the Blackbaud share price jumped following the release...

Correct. the Blackbaud share price jumped following the release of their quarterly results this past week. Have to see that in context though. Their share price is 36 % below their 52 week high (so pre COVID-19) and 49 % below their all time high.

Need to wait for the Full Year financials where they provide segment analysis. Their Revenue associated with the Faith sector is dwarfed by their activities in Education and Not-for- Profits.Can tell you that their Gross Margin % lags PushPay by about 8%. Their operating margin is now also below that of PushPay. A year ago, the Revenue associated with the Faith sector was almost on a par, with PushPay growing Revenues at a faster rate. That said, Blackbaud have invested heavily in cloud-based product development over the past 18- 24 months.

Let’s wait for their full year financials to update performance on a comparative basis.

In terms of Y-O-Y growth, Tithely could emerge as the dark horse.

All based on my research, so subject to your own interpretation.

Rokewa