Convio, a vendor of constituent relationship management software and services to nonprofit organizations, has announced record revenues of $14.7 million for the second quarter of 2008, a 35 percent increase over the same period last year.

 

Generating $1.3 million in operating cash flow, the company produced positive cash flow from operations for the third time in the last four quarters and also achieved profitability on a non-GAAP basis in the second quarter.

 

"We are pleased with our growth, record revenues, cash flow and profitability during a challenging economic period," said Gene Austin, chief executive officer of Convio.

 

During Q2 2008, Convio's subscription and services revenue grew by 30 percent over the same period last year driven, company officials say, by increased demand from new clients, renewals of clients and selling additional modules and services to existing clients.

 

Usage revenue for the period grew by 62 percent over the same period last year driven by significant new fundraising events and overall growth in existing events.

 

With the combination of new clients, addition of significant new events and organic growth in the existing client base Convio processed $377 million in online donations on behalf of clients during the first half of 2008 -- a 100 percent increase over the same period a year ago, company officials said.

 

Convio's non-GAAP income from operations for the quarter ended June 30, 2008, which excludes stock-based compensation expense and amortization of intangibles arising from the acquisition of GetActive Software, Inc., was $114,000. This compares with non-GAAP loss from operations of $1.4 million in the same period last year.

 

Last month, Susan G. Komen for the Cure announced that it is deploying Convio's integrated suite of on-demand software and services.

 

The move will help Komen use and integrate offline and online campaigns and programs to build relationships and interactions with constituents, movement officials say. The contract includes Komen's global headquarters and all 125 of the organization's affiliates.

 

"By standardizing on Convio and the Software-as-a-Service model, we can integrate our online and offline marketing campaigns and programs, fundraising and advocacy efforts, as well as our multiple Web sites and constituent data," said Justin Ricketts, vice president of information technology for Susan G. Komen for the Cure.

 

Komen is standardizing on Convio's integrated suite of online software products for fundraising, advocacy, event fundraising, e-commerce, Web content management and e-mail communication. In addition, Komen will replace all existing donor databases with Convio's new open, Web-based constituent relationship management (CRM) system.