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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The Marvel Studios' Superhero and UNICEF Canada Ambassador Will Appear as a Special Guest at Blackbaud's Tech Conference for Good CHARLESTON, S.C. , Aug. 30, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that Simu Liu will join the mainstage at bbcon 2022 Virtual, the tech conference for good.

Award-Winning Actor and Writer Simu Liu to Join the Mainstage at Blackbaud's bbcon 2022 Virtual Conference

Blackbaud (BLKB) announces the acquisition of Kilter to expand activity-based peer-to-peer fundraising engagement.

Blackbaud (BLKB) Acquires Kilter to Support TeamRaiser App

The Addition of Kilter Will Give Blackbaud's Nonprofit and Corporate Customers New Ways to Engage Their Audiences Through Everyday Health and Wellness Activities CHARLESTON, S.C. , Aug. 22, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that it has acquired Kilter.

Blackbaud Acquires Kilter, an Activity-Based Engagement App

The Tech Conference for Good Will Take Place Oct. 17–18 as a Free, Virtual Event CHARLESTON, S.C. , Aug. 17, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that New York Times bestselling author, podcast host, nonprofit founder and activist Glennon Doyle will join the mainstage at bbcon 2022 Virtual, the tech conference for good.

Bestselling Author and Activist Glennon Doyle to Join the Mainstage at Blackbaud's bbcon 2022 Virtual Conference

Recognition that EVERFI's product design is based on learning science and research WASHINGTON , Aug. 10, 2022 /PRNewswire/ -- EVERFI Inc ., a leading social impact education innovator, today announced that its full suite of K-12 digital education products has earned the Research-Based Design for Instructional Learning Products: Product Certification from Digital Promise.

EVERFI's Suite of K-12 Educational Content Receives Prestigious Digital Promise Research-Based Product Design Certification

Blackbaud, Inc. (NASDAQ:BLKB ) Q2 2022 Results Conference Call August 3, 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 Parker Lane - Stifel Rob Oliver - Baird Kirk Materne - Evercore ISI Brian Peterson - Raymond James Matt VanVliet - BTIG Operator Good day, and welcome to Blackbaud's Q2 2022 Earnings Call. Today's conference is being recorded.

Blackbaud, Inc. (BLKB) CEO Mike Gianoni on Q2 2022 Results - Earnings Call Transcript

Blackbaud (BLKB) delivered earnings and revenue surprises of 8.70% and 0.76%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Blackbaud (BLKB) Surpasses Q2 Earnings Estimates

Second Quarter Total Revenue Increases 15% Year-Over-Year with First Half 2022 Non-GAAP Organic Recurring Revenue Growth of 6%; Updates Full Year 2022 Financial Guidance CHARLESTON, S.C. , Aug. 2, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced financial results for its second quarter ended June 30, 2022.

Blackbaud Announces 2022 Second Quarter Results

CHARLESTON, S.C. , July 26, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that Deneen DeFiore, vice president and global chief information security officer for United Airlines, has joined its board of directors.

Deneen DeFiore, Vice President and Global Chief Information Security Officer for United Airlines, Joins Blackbaud Board of Directors

Nearly 5,000 K-12 teachers, counselors, and district administrators nationwide to attend the free virtual conference WASHINGTON , July 14, 2022 /PRNewswire/ -- EVERFI, Inc ., a leading social impact education innovator, today announced that its third annual LearnOn Conference , scheduled for Thursday, July 21, is on track to bring together nearly 5,000 K-12 educators from around the country.

EVERFI to Host Third Annual LearnOn Conference for K-12 Educators with Focus on Moving Forward Together and Developing Community of Support for Educators

Kevin Gregoire Appointed Chief Operating Officer, David Benjamin Appointed Chief Commercial Officer and  Tom Davidson Appointed Executive Vice President of Corporations CHARLESTON, S.C. , July 13, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced strategic organizational updates to its executive leadership team.

Blackbaud Announces Executive Leadership Updates

The Established Report Analyzes Data from Blackbaud's YourCause® Portfolio for Centralized Social Impact to Show How Companies and Their Employees Engage with Purpose CHARLESTON, S.C. , July 13, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today released its 10th annual Industry Review: Employee Engagement and Corporate Social Responsibility Report, which analyzes corporate social responsibility (CSR) program data and employees' philanthropic behavior.

Blackbaud Releases 10th Annual Report on Corporate Social Responsibility and Employee Engagement Trends

CHARLESTON, S.C. , July 12, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, will report its second quarter 2022 financial results on Tuesday, August 2, after the U.S. financial markets close for trading.

Blackbaud Announces Date of Second Quarter 2022 Financial Results

CHARLESTON, S.C. , July 6, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to announce that its Chief Marketing Officer Catherine LaCour has been named a recipient of Charleston Business Magazine's 2022 South Carolina Women in Business Award.

Blackbaud CMO Catherine LaCour Honored with 2022 South Carolina Women in Business Award

WASHINGTON , June 27, 2022 /PRNewswire/ --  EVERFI, Inc ., a leading social impact education innovator, today announced that it has awarded a total of $483,000 in college scholarships to K-12 students throughout the United States in the 2021-2022 school year.

EVERFI Awards Nearly Half a Million Dollars in College Scholarships to K-12 Students in 2021-2022 School Year

Blackbaud (BLKB) is well-poised to gain from accelerated cloud migration by enterprises taking place globally

Here's Why Blackbaud (BLKB) Warrants a Bullish Stance Now

Singh Will Drive Value and Experience for Social Good Organizations as First Chief Customer Officer  CHARLESTON, S.C. , June 21, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today appointed Chris Singh as Chief Customer Officer.

Blackbaud Names Chris Singh Chief Customer Officer

Leading healthcare corporations, community health organizations, and government entities lead movement to support student mental health and wellness in school WASHINGTON , June 9, 2022 /PRNewswire/ --  EVERFI, Inc ., the leading social impact education innovator, today announced the addition of a new module to its popular K-12 mental health and wellness curriculum.

EVERFI Announces New Digital Education Content Aimed at Preventing Teen Mental Health Crises Through Early Intervention Strategies

Blackbaud Customers Redefine the Future of Nonprofit Technology as Change Architects CHARLESTON, S.C. , June 7, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today kicks off its annual Developers' Conference—a three-day event that convenes technology enthusiasts, creators and developers of all levels to reimagine nonprofit technology and build a better world.

Blackbaud Developers' Conference Showcases Transformative Social Good Technology

Blackbaud (BLKB) announces the launch of Prospect Insights to offer multi-dimensional fundraising insights and actions.

Blackbaud (BLKB) Adds Prospect Insights to Raiser's Edge NXT

Blackbaud, which bills itself as the “leading cloud software company powering social good,” counts the National Rifle Association as a customer receiving its highest level of care and engagement, raking in more than $1 million yearly from the infamous firearms industry lobbyist. The two have been in business since 1997, according to internal documents viewed […]

‘Social good' cloud provider Blackbaud takes millions from the NRA

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

Why Is Blackbaud (BLKB) Up 12.5% Since Last Earnings Report?

As an Add-On Tool Within Blackbaud Raiser's Edge NXT, Prospect Insights Delivers Artificial Intelligence-Driven Recommendations CHARLESTON, S.C. , June 2, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced the launch of Prospect Insights—a new software tool within Blackbaud Raiser's Edge NXT® that enables social good professionals to access actionable, AI-powered insights to drive more major giving.

Blackbaud Releases Prospect Insights for Raiser's Edge NXT®, Making it Easier for Social Good Organizations to Cultivate Major Gifts

Blackbaud Institute Celebrates 10 Years of its Charitable Giving Index with a Series of Fireside Chats to Help Social Good and Nonprofit Leaders Understand Key Trends CHARLESTON, S.C. , May 31, 2022 /PRNewswire/ -- The Blackbaud Institute, a research division of  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is celebrating 10 years of its quarterly charitable giving index.

Blackbaud Institute Hosts Content Series Reflecting on the Last Decade of Charitable Giving

The consensus price target hints at a 37.1% upside potential for Blackbaud (BLKB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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