Technology

● Full-year revenue guidance was cut from US$130 million to US$40 million to US$43 million.

● Second-quarter net revenues were RMB2,743.0 million, up 7.5% year on year.

● FreeCash Flowrose 66.2% to US$735.4 million, about 137% of net income.

● Third-quarter revenue is guided to US$158 million to US$160 million.

●Gross Profitwas negative US$29.3 million and the net loss was US$97.6 million.

●Net Incomereached RMB343.7 million, up from RMB209.8 million in the first quarter.

● Blackbaud reaffirmed 2026 revenue guidance of US$1.173 billion to US$1.179 billion.