OK, that’s not the real story. Check out this quote from today’s Barron’s blog posting on Blackbaud’s stock:
MacMillan says the company, which makes software used by non-profits, “is beginning to feel the headwinds of a slowing economy.” He says non-profits are “scrutinizing deals more vigorously,” which has made it harder to close business. “Given the outlook for more potential weakness in giving, we think non-profits are slowing the rate of spending on echnology.”
If true, this doesn’t only impact Blackbaud but every other vendor we’ve got as well. Ok, fellow nonprofit IT people, are you seeing IT spending decreasing at your org or are other areas being “adjusted” instead?
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