A string of acquisitions coupled with strong organic growth helped software, data and analytics provider Black Knight post double-digit revenue growth during the second quarter.

Black Knight reported Thursday that second quarter revenue grew by 23 percent from a year ago, to $361.3 million, with net earnings up a more modest 2 percent, to $39.7 million.

After factoring out growth that was due to acquisitions, Black Knight said organic revenue growth was up 11 percent from a year ago. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 21 percent, to $177.5 million.

Anthony Jabbour | Black Knight, Inc.

Black Knight CEO Anthony Jabbour said he was pleased with those numbers, which “reflect the consistent execution of our strategy to drive organic growth through the addition of new clients, the expansion of relationships with existing clients and the delivery of new innovative solutions.”

Black Knight revenue growth, by segment. Source: Black Knight quarterly report to investors

Black Knight said it now expects 2021 revenue will grow by 17 to 18 percent, to somewhere between $1.447 billion and $1.463 billion.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) are now forecast at between $704 million and $716 million, which would represent 15 percent to 17 percent growth.

Email Matt Carter

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