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

Blackbaud (BLKB) Up 3.2% Since Last Earnings Report: Can It Continue?

The Global P2P Fundraising Market Size was Valued at USD 97.4 Million in 2023 and the Worldwide P2P Fundraising Market Size is Expected to Reach USD 310 Million by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: DonorPerfect Fundraising Software, eTapestry, Classy, Aplos, DonorStudio, Qgiv, Salsa CRM, Kindful, EveryAction, NeonCRM, MemberClicks, CrowdRise, Charity proud, and Others The Global P2P Fundraising Market Size was Valued at USD 97.4 Million in 2023 and the Worldwide P2P Fundraising Market Size is Expected to Reach USD 310 Million by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: DonorPerfect Fundraising Software, eTapestry, Classy, Aplos, DonorStudio, Qgiv, Salsa CRM, Kindful, EveryAction, NeonCRM, MemberClicks, CrowdRise, Charity proud, and Others

Global P2P Fundraising Market Size To Worth USD 310 Million By 2033 l CAGR Of 12.27%

DALLAS--(BUSINESS WIRE)--American National Bank of Texas (ANBTX) recently announced the results from its “Keys To Your Future” program, an innovative, scalable and measurable financial education and career readiness course for North Texas middle and high school students, for the 2023-24 academic year. This marks the first full year of the program since its launch as part of the bank's three-year partnership with EVERFI® from Blackbaud®, a leader in K-12 financial education. The course prepares.

American National Bank of Texas Announces Results From Financial Education Program With EVERFI from Blackbaud

Highlights include updated financial education courses, a new health and wellness course, and new platform features for educators CHARLESTON, S.C. , Aug. 7, 2024 /PRNewswire/ -- EVERFI® from Blackbaud®, the leader in powering social impact through education, is releasing new and updated K-12 digital resources to its learning platform, just in time for the new school year.

EVERFI from Blackbaud Announces New and Updated Digital Resources and Product Features for K-12 Schools for the New School Year

Although the revenue and EPS for Blackbaud (BLKB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Blackbaud (BLKB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Blackbaud's (BLKB) Q2 performance gains from strong growth in recurring revenues. The company also reiterates revenue guidance for the full year.

Blackbaud (BLKB) Q2 Earnings Beat Estimates, Revenues Up Y/Y

Blackbaud, Inc. (NASDAQ:BLKB ) Q2 2024 Results Conference Call July 31, 2024 8:00 AM ET Company Participants Tom Barth - Head of Investor Relations Mike Gianoni - Chief Executive Officer Tony Boor - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Peterson - Raymond James Rob Oliver - Baird Matt VanVliet - BTIG Parker Lane - Stifel Kirk Materne - Evercore ISI Operator Good day, and welcome to the Blackbaud Inc. Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

Blackbaud, Inc. (BLKB) Q2 2024 Earnings Call Transcript

Blackbaud (BLKB) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.98 per share a year ago.

Blackbaud (BLKB) Q2 Earnings Beat Estimates

Revenue Growth More than Doubles Year over Year with Significantly Improved Profitability; Blackbaud Board of Directors Approve Expanded $800 Million Stock Repurchase Authorization CHARLESTON, S.C. , July 30, 2024  /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its second quarter ended June 30, 2024.

Blackbaud Announces 2024 Second Quarter Results

New Enhancements Further Strengthen Performance, Scalability, Stability, and Reporting Power for Blackbaud Impact Edge Customers CHARLESTON, S.C. , July 29, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), one of the leading providers of software for powering social impact, today announced the integration of multiple Microsoft products – including Microsoft Azure OpenAI Service and Microsoft Power BI – into Blackbaud Impact Edge™, the company's new data and storytelling solution that's currently under development.

Blackbaud Strengthens Impact Edge AI and Reporting Capabilities through Integrations with Microsoft Azure AI Service and Microsoft Power BI

The Past Year Saw a Significant Increase in In-Person Volunteering, Upward Trend in Giving to International Organizations CHARLESTON, S.C. , July 24, 2024 /PRNewswire/ -- The Blackbaud Institute, a research lab at Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today released a new spotlight brief sharing insights from the company's annual Corporate Social Responsibility (CSR) Industry Review, which analyzes CSR program data and employees' philanthropic engagement.

New Report on CSR Industry Trends Shows Shifts in Corporate Social Impact Practices

From AI-Powered Fundraising and Content Tools to Digital Assistant Chatbots, Startups in the July 2024 Cohort are Delivering Innovative Solutions for Nonprofits, Donors, Schools, Companies and Their Communities CHARLESTON, S.C. , July 23, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the newest cohort of participants in its Social Good Startup Program.

Six New Startups Join Blackbaud's Tech Accelerator to Bring Innovative Technology to the Social Impact Sector

The addition of unique features to Blackbaud's (BLKB) Grantmaking software empowers both nonprofits and grantmakers to make the funding process more accessible and collaborative than ever before.

Blackbaud (BLKB) Boosts Grant Management With AI-Driven Tools

CHARLESTON, S.C. , July 18, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced its board of directors has reauthorized, expanded and replenished the company's existing stock repurchase program, raising the total capacity from $500 million to $800 million available for repurchases of the company's common stock.

Blackbaud Announces Reauthorized, Expanded and Replenished $800 Million Stock Repurchase Program

Blackbaud is Helping Grantmakers and Applicants Save Time with a New Applicant Portal and an Updated, AI-Powered Form Builder CHARLESTON, S.C. , July 18, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced exciting new capabilities within Blackbaud Grantmaking™, including a new applicant-centric portal and an AI-powered form builder, to make it easier than ever for nonprofits to apply for grants and for grantmakers to select nonprofits to fund.

New Features in Blackbaud Grantmaking Streamline Grant Applications for Both Funders and Applicants

CHARLESTON, S.C., July 16, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its second quarter 2024 financial results on Tuesday, July 30, after the U.S. financial markets close for trading.

Blackbaud Announces Date of Second Quarter Financial Results

Experienced Technology Executive Brings Proven Growth and Operational Experience CHARLESTON, S.C. , July 15, 2024  /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that Dale Strange will take over as head of Blackbaud's Corporate Impact business effective immediately and will join the company's executive leadership team, reporting to CEO Mike Gianoni.

Seasoned Executive Dale Strange Takes Reins of Blackbaud's Corporate Impact Business

Ranking Based on Employee Satisfaction, Revenue Growth and Sustainability Transparency CHARLESTON, S.C. , July 15, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has been awarded on TIME's inaugural list of America's Best Mid-Sized Companies.

Blackbaud Named One of America's Best Mid-Size Companies 2024 by TIME

Ralph Will Share Career Insights, Inspiration and Empowering Advice on Building Confidence   CHARLESTON, S.C. , July 10, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that Sheryl Lee Ralph will join the mainstage for a keynote conversation at bbcon 2024, Blackbaud's annual tech conference, taking place September 24-26 in Seattle, Washington.

Emmy Award-Winning Actress, Producer and Advocate Sheryl Lee Ralph to Join the Mainstage at Blackbaud's bbcon 2024 Tech Conference

Blackbaud recently rejected an $80/share offer for the company by one of its shareholders. The company sits just under that offer value now, and believes it's worth substantially more. Blackbaud's improved revenue performance and contract renewal initiatives make it a strong investment opportunity with potential for growth.

Blackbaud: With Offer On The Table, This Company Is Convinced It's Worth More

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Blackbaud (BLKB) is a Strong Growth Stock

Blackbaud's Annual Developers' Conference Will Help Social Impact Organizations Explore Ways to Automate and Extend Their Blackbaud Solutions with New Tech Innovation CHARLESTON, S.C. , June 4, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, kicked off bbdevdays, its annual developers' conference, this week showcasing technology innovation as well as customer and partner achievements.

Blackbaud Enables Pro-Code and Low-Code Social Impact Tech Developers at bbdevdays

DataSetGo, a first-of-its-kind digital curriculum, is opening doors to data science careers at more than 400 schools, with $50,000 in recent awards to those who show promise in the field DES MOINES, Iowa , June 4, 2024 /PRNewswire/ -- Principal® Foundation, a global nonprofit organization committed to helping people and communities build financially secure futures, and EVERFI® from Blackbaud®, the leader in powering social impact through education, announce the second and biggest year of DataSet Go , a first-of-its-kind interactive digital curriculum that teaches high school students the fundamentals of data science and its value in daily life, the workforce, and the world. Since its inception in 2022, DataSetGo has reached over 26,000 high school students in over 400 schools throughout the U.S. In the 2023-2024 academic year, the program reached over 17,000 new students and 200 additional schools across ten states, including New York, Texas, and California.

Principal Foundation and EVERFI from Blackbaud Reach 26,000 U.S. Students with Growing National Data Science Program

CHARLESTON, S.C., June 3, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that Chief Accounting Officer Chad Anderson and Chief Product Officer Sudip Datta have been appointed to the company's executive leadership team.

Blackbaud Appoints Chad Anderson, Chief Accounting Officer, and Sudip Datta, Chief Product Officer, to Executive Leadership Team

Ranking Recognizes U.S. Companies Cutting Their Emissions to Fight Climate Change CHARLESTON, S.C. , May 31, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has been named to the USA Today list of America's Climate Leaders 2024, ranking fourth out of 450 companies based on its emissions reduction.

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