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 cloud-based software provider could see a major ownership change soon. An investment firm very familiar to management is apparently offering to take the company private.

Why Blackbaud Stock Rocketed 5% Higher Today

New All-Access Pass Will Elevate Event Experience; Early-Bird Pricing Available Until June 13 CHARLESTON, S.C. , April 9, 2024 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, has announced that registration for bbcon 2024 is now open with early bird pricing until June 13.

Blackbaud Opens Registration for bbcon 2024

Based on Blackbaud's Robust Philanthropic Data Set, the Blackbaud Institute Shares New Insights on Last Year's Giving Trends and What Fundraisers Should Know for 2024 CHARLESTON, S.C., April 8, 2024 /PRNewswire/ -- The Blackbaud Institute, a research lab at Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, today released new insights from Blackbaud's unmatched philanthropic dataset in its 2023 Trends in Giving Spotlight.

Blackbaud Institute Shares Spotlight on 2023 Trends in Giving

Blackbaud's (BLKB) Total School Solution is driving digital transformation for K-12 schools through a unified system for handling the entire school community.

Blackbaud (BLKB) School Solution Adopted by K-12 Institutions

At AFP ICON This Week, Blackbaud Will Preview Technology Advancements for its Flagship Fundraising Software CHARLESTON, S.C., April 4, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, is pleased to continue its strategic partnership with the Association of Fundraising Professionals (AFP) and is delighted to be the presenting sponsor of the AFP ICON conference, which kicks off April 7 in Toronto.

Blackbaud Advances Fundraising Through Strategic Partnership with the Association of Fundraising Professionals

Blackbaud's Total School Solution Offers One System for K-12 Private Schools to Manage Their Entire School Community CHARLESTON, S.C. , April 3, 2024 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, is enabling K-12 private schools to save time and money by unifying their software with Blackbaud's Total School Solution.

K-12 Schools Select Blackbaud Software to Create a Unified Total School Experience

CHARLESTON, S.C. , April 2, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, is pleased to announce that Chris Lindner has been appointed chief information officer.

Blackbaud Names Chris Lindner Chief Information Officer

Findings from year two of the three-year study show increases in financial knowledge, self-efficacy, behaviors, and communication among students CHARLESTON, S.C. and SPRINGFIELD, Mass.

Results of New Study Reveal the Importance of Multiple Financial Education Interventions

PenFed continues to invest in the future of Puerto Rico by providing financial education to over 4,000 public and private school students  TYSONS, Va., March 27, 2024 /PRNewswire/ -- PenFed Credit Union and EVERFI from Blackbaud hosted an interactive learning event focused on improving financial literacy for over 110 students in grades 9-12 at Escuela Superior Rafael Cordero Molina in San Juan, Puerto Rico on March 20.

PenFed Credit Union and EVERFI Host Fourth Financial Literacy Event at San Juan Public High School as Part of "Tu Dinero, Tu Sueño" Program

Four Years into Remote Work, Blackbaud Sees Employee Satisfaction, Greater Access to Talent, and Increased Efficiency CHARLESTON, S.C., March 20, 2024 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, is marking four years of a remote-first workforce by sharing the success the company and its employees have seen.

Blackbaud's Remote-First Workforce Approach Propels Company Culture and Success

CHARLESTON, S.C. , March 18, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB) ("Blackbaud" or the "Company"), the leading provider of software for powering social impact, today announced that its Board of Directors (the "Board") has unanimously voted to terminate the Company's stockholder rights plan (the "Rights Plan") effective as of the close of business on March 18, 2024.

Blackbaud Announces Termination of Stockholder Rights Plan

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

Blackbaud (BLKB) Up 5.8% Since Last Earnings Report: Can It Continue?

Blackbaud's Integrated Technology Creates Operational Efficiencies, New Ways of Working and New Possibilities for Student and Alumni Engagement CHARLESTON, S.C., March 7, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today shared how a Nashville, Tennessee-based independent K-12 school, Ensworth School, has deepened its use of integrated technology to nurture collaboration, strengthen communication, break down silos, increase efficiency and provide an intuitive user experience that supports all of the school's stakeholders.

K-12 School Drives Digital Transformation with Blackbaud's Total School Solution

Initiates $200 Million Accelerated Share Repurchase Plan CHARLESTON, S.C. , March 4, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that it intends to repurchase 7% to 10% of the Company's common stock through the end of 2024.

Blackbaud to Repurchase 7% to 10% of Outstanding Shares Under $500 Million Stock Repurchase Program

Crisis Text Line Provides Mental Health Support to Those in Emotional Distress CHARLESTON, S.C. , Feb. 28, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that its 2024 annual major gift will support Crisis Text Line, a nonprofit organization that provides free, 24/7, confidential text-based mental health support.

Blackbaud Supports Crisis Text Line to Help Fund the Nonprofit's International Expansion

CHARLESTON, S.C. , Feb. 27, 2024 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, announced that Blackbaud Raiser's Edge NXT® and Blackbaud Financial Edge NXT® have each won a 2024 Most Loved Award from TrustRadius, a site that helps technology buyers make informed decisions by providing verified reviews and ratings.

Multiple Blackbaud Products Recognized in 2024 TrustRadius Most Loved Awards

Although the revenue and EPS for Blackbaud (BLKB) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Blackbaud (BLKB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

The Annual Technology Conference Will Take Place Sept. 24-26 in Seattle CHARLESTON, S.C.

Blackbaud Opens Call for Speakers for bbcon 2024

Blackbaud's Optimized Donation Forms help social impact organizations raise more, streamline the donor experience, simplify administrative tasks and reduce processing costs CHARLESTON, S.C. , Feb. 14, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the general availability of its new Optimized Donation Forms for U.S. Blackbaud Raiser's Edge NXT® customers.

Blackbaud Releases Optimized Donation Forms for Raiser's Edge NXT to Transform Online Giving

Blackbaud beat earnings expectations in Q4, but sales missed Wall Street's target. The company's forward earnings guidance also came in below the market's expectations.

Why Blackbaud Stock Is Plummeting Today

Blackbaud's (BLKB) fourth-quarter performance benefits from strength in recurring revenues.

Blackbaud (BLKB) Q4 Earnings Top Estimates, Revenues Up Y/Y

Blackbaud, Inc. (BLKB) Q4 2023 Earnings Call Transcript

Full Year 2023 Financial Results Met or Exceeded Financial Guidance Ranges; Blackbaud Announces Refreshed Capital Allocation Strategy CHARLESTON, S.C. , Feb. 12, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Blackbaud Announces 2023 Fourth Quarter and Full Year Results

Blackbaud's Innovative Software Solution Helps Provide Holistic View of Constituents CHARLESTON, S.C. , Feb. 9, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today shared how Mississippi State University's Division of Development and Alumni is using Blackbaud CRM™ for alumni engagement and to help drive fundraising efforts.

Mississippi State University Leverages Blackbaud CRM™ to Drive Fundraising and Engagement Strategies

Integration Between Blackbaud Products Enables MSU to Integrate Their Fundraising and Accounting Software CHARLESTON, S.C. , Feb. 8, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today shared how Morehead State University Foundation has integrated Blackbaud Financial Edge NXT® with its existing Blackbaud Raiser's Edge NXT® software to elevate their operations.

News for Blackbaud Stock (BLKB)