Blackbaud

Blackbaud, Inc. engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, financial management, payment processing, and analytics. The company was founded by Anthony E. Bakker in 1981 and is headquartered in Charleston, SC.

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Blackbaud surpasses $1 billion revenue, targets 30% EBITDA margin

Blackbaud's Q4 2022 Earnings Call showcased strong financial performance, cost management, and governance improvements. The company aims for further margin expansion, workforce reductions, and revenue growth in 2023. Opportunities in pricing initiatives, data center optimization, and vertical growth are key focus areas.

Blackbaud reports strong Q1 results and raises 2023 guidance

Blackbaud's Q1 performance reflects revenue growth, strong bookings, and transactional revenue expansion, driven by strategic initiatives.
The company's focus on product innovation, cost management, and pricing strategies is enhancing operational efficiency and financial performance.
Despite challenges related to cybersecurity and contract renegotiations, Blackbaud is well-positioned for high single-digit growth and improved Rule of 40 performance.

Blackbaud reports Q2 revenue growth and aims for accelerated metrics

Blackbaud's Q2 performance reflects solid revenue growth, margin expansion, and successful execution of the 5-point plan, positioning the company for high single-digit organic revenue growth by Q4.
Despite challenges in pricing and competition, Blackbaud's core strengths in customer retention, revenue visibility, and product innovation offer opportunities for sustained growth and value creation.
With a focus on achieving Rule of 40 metrics ahead of schedule, Blackbaud aims to drive sustainable growth through continued revenue optimization and margin expansion strategies.

Blackbaud exceeds expectations in Q3, eyes significant growth ahead

Blackbaud's Q3 performance was robust, showcasing growth and innovation. Despite challenges in donation size and a slow start to the year, the company remains optimistic about future prospects. By prioritizing organic growth and strategic acquisitions, Blackbaud aims to drive value for shareholders and capitalize on emerging opportunities.

Blackbaud reports robust Q4 earnings, eyes growth amid investment challenges

Blackbaud's Q4 2023 showcased strong financial performance and exceeded full-year guidance, with a focus on revenue growth and cost management initiatives.
The company's strategic investments in AI, cybersecurity, and product innovation present challenges and opportunities for driving profitable growth in 2024.
Commitment to shareholder value through stock repurchases and prudent investments underscores Blackbaud's financial strength and strategic focus.
Excitement for continued momentum in 2024 indicates a positive outlook for sustained growth and profitability through innovation and financial discipline.

Blackbaud reports strong Q1 earnings, focuses on innovation and growth

Blackbaud showcased strong financial performance, product innovations, and a commitment to maximizing shareholder value.
Challenges such as divestitures and managing costs were addressed, with a focus on seizing growth opportunities.
The company's optimism about progress, focus on innovation, and commitment to delivering value were key takeaways.

Blackbaud revises 2024 guidance, emphasizes innovation and growth strategies

Blackbaud's Q3 performance showcased resilience amidst challenges, with a focus on innovation and customer success.
The company's strategic initiatives and strong financial position position it well for future growth.
Despite challenges from EVERFI, Blackbaud remains committed to enhancing value for stakeholders.

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Corebridge Financial Inc

HOUSTON--( BUSINESS WIRE )--Corebridge Financial and EVERFI today announced findings from a newly released survey of more than 16,000 college students nationwide.

College Students Reporting Increased Levels of Financial Anxiety

Blackbaud, Inc. (NASDAQ:BLKB ) Q3 2022 Results Conference Call November 2, 2022 8:00 AM ET Company Participants Steve Hufford - Director, Investor Relations Mike Gianoni - President and CEO Tony Boor - Executive Vice President and CFO Conference Call Participants Jeffrey Lane - Stifel Matt VanVliet - BTIG Peter Burkly - Evercore ISI Brian Peterson - Raymond James Patrick Schulz - Baird Operator Good day, and welcome to Blackbaud's Q3 2022 Earnings Call. Today's conference is being recorded.

Blackbaud, Inc. (BLKB) Q3 2022 Earnings Call Transcript

Blackbaud (BLKB) third-quarter 2022 revenues benefit from increased recurring revenues and higher transactional volume.

Blackbaud (BLKB) Q3 Earnings Beat Estimates, Revenues Up Y/Y

Blackbaud (BLKB) delivered earnings and revenue surprises of 11.29% and 0.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Blackbaud (BLKB) Surpasses Q3 Earnings Estimates

Company is on Track to Meet or Exceed Full Year 2022 Financial Guidance and Provides Early View of 2023 Outlook, Including Step-Level Margin Expansion CHARLESTON, S.C. , Nov. 1, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced financial results for its third quarter, ended September 30, 2022.

Blackbaud Announces 2022 Third Quarter Results

CHARLESTON, S.C. , Oct. 18, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, will report its third quarter 2022 financial results on Tuesday, November 1, after the U.S. financial markets close for trading.

Blackbaud Announces Date of Third Quarter 2022 Financial Results

The 23rd Annual Tech Conference for Good Kicks Off Today—and It's Free to Attend CHARLESTON, S.C. , Oct. 17, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today will kick off its 23rd annual tech conference for good as company leaders, celebrity speakers, product experts and social good organizations take the online stage at bbcon 2022 Virtual.

Blackbaud Unleashes Social Good and Delivers Innovation at bbcon 2022 Virtual

WASHINGTON , Oct. 13, 2022 /PRNewswire/ -- Healthy Blue, a collaboration of Blue Cross and Blue Shield of Kansas, Blue Cross and Blue Shield of Kansas City (Blue KC) and Anthem Partnership Holding Company, along with EVERFI, a leading social impact education innovator, today announced the launch of an interactive, health and wellness initiative across select communities in Kansas. The initiative includes a suite of digital courses that will cover topics such as mental wellness, prescription drug safety, underage drinking prevention, and the development of healthy habits.

Healthy Blue and EVERFI Bring Critical Health and Wellness Education to Students Across Kansas Communities

Blackbaud Inc. BLKB, -0.08% said Tuesday its board unanimously adopted a limited duration stockholder rights plan or a so-called poison pill, with an expiration date of Oct. 2, 2023. The company, which makes cloud software for the philanthropic community said the rights plan “will reduce the likelihood that any entity, person or group gains control of Blackbaud through open-market accumulation without paying all stockholders an appropriate control premium.

Blackbaud OK's poison pill after Clearlake discloses talks over strategic alternatives

Largest corporations gather to share ideas and best practices for ESG and CSR initiatives WASHINGTON and NEW YORK , Oct. 11, 2022 /PRNewswire/ --  EVERFI, Inc ., the leading Impact-as-a-ServiceTM education innovator, and Fortune Media (USA) Corporation, a global business media organization, today announced that they are working together on the 2022 Fortune Impact Initiative TM.

EVERFI and FORTUNE Convene the Most Influential Social Impact Executives to Address the Role of Corporations in Driving Social Change

CHARLESTON, S.C. , Oct. 11, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB) today announced that its Board of Directors has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan").

Blackbaud Adopts Limited Duration Stockholder Rights Plan

Blackbaud's (BLKB) performance is benefiting from strength in its recurring revenues.

Here's Why Investors Need to Keep an Eye on Blackbaud (BLKB)

An activist investor has entered the chat.

Why Blackbaud Stock Was Jumping Today

Blackbaud (BLKB) announces two fee-cover models - complete cover and donor cover - to help social organizations reduce online processing costs.

Blackbaud (BLKB) Aids Social Organizations to Contain Costs

With a New Three-Year Contract in Place, Gianoni Aims to Accelerate Achievement of the Rule of 40 Financial Framework CHARLESTON, S.C., Sept. 21, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced it has extended President and CEO Mike Gianoni's employment contract for an additional three years.

Blackbaud Extends President and CEO Mike Gianoni's Contract

With Complete Cover™ and Donor Cover, Supporters Can Choose Whether to Help Cover a Charitable Organization's Processing Fees for Online Donations and Event Registration CHARLESTON, S.C. , Sept. 21, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, has announced the general availability of two new features for Blackbaud Raiser's Edge NXT® and eTapestry® forms in the U.S. and Canada that will help charitable organizations raise more with reduced processing costs associated with online gifts, and event and membership registrations.

Blackbaud Launches Two New Features for Raiser's Edge NXT® and eTapestry® Forms to Reduce Costs for Social Good Organizations

MIAMI & DALLAS--(BUSINESS WIRE)-- #CHARITY--SGWS today announced the AlcoholEdu online curriculum available at no cost to high schools in FL, TX, and NY for the 2022-2023 school year.

Online Alcohol Safety Education Program Available at No Cost to High School Students in Florida, Texas, and New York for the 2022-2023 School Year

Free Savings Curriculum to Reach 4,500 Middle Schools Nationwide SAN FRANCISCO , Sept. 15, 2022 /PRNewswire/ -- Varo Bank, the first all-digital, nationally chartered U.S. consumer techbank, announced today the launch of SaveUp, a free middle school savings curriculum designed in strategic partnership with social impact education innovator, EVERFI.

Varo Bank Launches "SaveUp" Financial Education Course in Collaboration with EVERFI

CHARLESTON, S.C. , Sept. 12, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, has been named to Quartz's ranking of the Best Companies for Remote Workers 2022.

Blackbaud Recognized as One of the Best Companies for Remote Workers by Quartz

Informed by Historic Trends, the Guide Illustrates Possible Impacts of Recessions and Seven Steps Social Good Organizations Can Take Now to Build Resiliency CHARLESTON, S.C. , Sept. 8, 2022 /PRNewswire/ -- The Blackbaud Institute, a research division of Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, has released a new guide Philanthropy Through Recession: How Savvy Organizations Weather Uncertain Times.

New Guide from the Blackbaud Institute Shows How Philanthropy Fares During Recessions

DES MOINES, Iowa & WASHINGTON--(BUSINESS WIRE)--Principal® Foundation and EVERFI have joined together to create a new data science and financial literacy program for high school students in the U.S.

DataSetGo to Promote Financial Literacy and Future-Ready Job Skills for 70,000+ High School Students

Award honors districts for commitment to critical skills education WASHINGTON , Sept. 7, 2022 /PRNewswire/ -- EVERFI, Inc.

More than 1,400 School Districts Across the U.S. and Canada Awarded 2022 EVERFI Empowered Seal

OneMain Hld

NEW YORK & WASHINGTON--(BUSINESS WIRE)--OneMain Financial, the leader in offering nonprime customers responsible access to credit, today bolstered its innovative financial education program for high school students with the addition of a new course exclusively focused on understanding, building and managing credit. Build: Credit Fundamentals, created in collaboration with social impact education innovator EVERFI, is the latest addition to the company's premier financial education program, Credi

OneMain and EVERFI Expand Financial Wellness Efforts With Free Credit Education for Students and Families

Blackbaud (BLKB) reported earnings 30 days ago. What's next for the stock?

Why Is Blackbaud (BLKB) Down 9.1% Since Last Earnings Report?

MIAMI & DALLAS--(BUSINESS WIRE)-- #CHARITY--SGWS digital courses 306: African-American History and 306: Continuing the Story at no cost to high schools in Florida Dallas and Texas.

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