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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2021 Progress Includes Achieving Carbon Neutrality; Making a Multi-Year, Six-Figure Gift to Foster Diversity; Supporting its Workforce Through a Remote-First Approach; and Investing in Innovation for the Social Good Community CHARLESTON, S.C., May 17, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today released its 2021 Social Responsibility Report, sharing how the company is growing and strengthening the entire social good community, empowering its people, stewarding the environment and expanding responsible business practices.

Blackbaud Releases 2021 Social Responsibility Report Highlighting Its Impact and Outlining Key Commitments to Build a Better World

CHARLESTON, S.C., May 6, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced its upcoming participation in six investor events.

Blackbaud to Participate in May and June 2022 Investor Events

Blackbaud, Inc. (NASDAQ:BLKB ) Q1 2022 Earnings Conference Call May 4, 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 Kirk Materne - Evercore ISI Brian Peterson - Raymond James Koji Ikeda - Bank of America Rob Oliver - Baird Matt VanVliet - BTIG Operator Good day and welcome to Blackbaud's Q1 2022 Earnings Call. Today's conference is being recorded.

Blackbaud, Inc. (BLKB) CEO Mike Gianoni on Q1 2022 Results - Earnings Call Transcript

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

Blackbaud (BLKB) Q1 Earnings Miss Estimates, Revenues Up Y/Y

Blackbaud (BLKB) delivered earnings and revenue surprises of -12.31% and 0.76%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Blackbaud (BLKB) Q1 Earnings Miss Estimates

First Quarter Total Revenue Increases 17.3% Year-Over-Year with Organic Recurring Revenue Growth of 6.6%; Blackbaud Reiterates Full Year 2022 Financial Guidance and Outlook CHARLESTON, S.C. , May 3, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced financial results for its first quarter ended March 31, 2022.

Blackbaud Announces 2022 First Quarter Results

CHARLESTON, S.C. , April 21, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to announce the appointment of Charles "Chuck" Miller as chief information security officer.

Blackbaud Names Charles "Chuck" Miller Chief Information Security Officer

CHARLESTON, S.C. , April 19, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, will report its first quarter 2022 financial results on Tuesday, May 3, after the U.S. financial markets close for trading.

Blackbaud Announces Date of First Quarter 2022 Financial Results

Blackbaud (BLKB) became carbon-free for 2021 by using energy efficiently and investing in eco-friendly projects in its quest to build a green future.

Blackbaud (BLKB) Adopts Sustainability Reporting, Boosts ESG Goals

CHARLESTON, S.C. , April 19, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to announce that Sudip Datta has been appointed senior vice president and chief product officer.

Blackbaud Appoints Sudip Datta as Chief Product Officer

With a Focus on Energy Efficiency, Emission Reductions and Investing in Sustainable Environmental Projects, Blackbaud Makes Progress Toward its ESG Commitment CHARLESTON, S.C. , April 18, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced it has achieved carbon neutrality across its operations and data centers for 2021, and that it will engage with the Taskforce and Climate Financial Disclosure (TCDF) and CDP to ensure transparent sustainability reporting and progress.

Blackbaud Achieves Carbon Neutrality and Commits to New Transparent Sustainability Reporting

Charities, Individuals and Companies Use Technology to Amplify Generosity and Provide Humanitarian Aid CHARLESTON, S.C. , April 15, 2022 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to share how its customers are unleashing incredible generosity and raising funds for humanitarian relief to help the people of Ukraine.

Blackbaud Customers Come Together to Raise Millions for Ukraine

SDG Connector Uses Codes from the NTEE, ICNPO, and NAIC Taxonomies to Create a Shared System Enabling Grantmakers and Grantseekers to Demonstrate Progress Toward Achieving the SDGs CHARLESTON, S.C. , April 12, 2022 /PRNewswire/ -- The Blackbaud Institute, a research division of Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today published a free resource to enable social good organizations to align their missions to the United Nations (UN) Sustainable Development Goals (SDGs).

The Blackbaud Institute Releases the SDG Connector: a Valuable Resource for All Social Good Organizations

As students prepare for life after high school they do not understand the financial decisions that lie ahead or how to read a paycheck WASHINGTON , April 4, 2022 /PRNewswire/ --  EVERFI, Inc ., a leading Impact-as-a-Service™ education innovator, today revealed the results of a student survey on the financial understanding and preparedness of thousands of high school juniors and seniors nationwide.

Survey of High School Juniors and Seniors Reveals Low Levels of Financial Preparedness

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To Celebrate Financial Literacy Month, the Wealth Management Firm Encourages Administrators and Parents to Utilize EVERFI's Financial Resources CAMP HILL, Pa. , March 29, 2022 /PRNewswire/ -- KCA Wealth Management (KCA), a holistic financial planning firm serving Central Pennsylvania with office locations in Camp Hill, Hershey and Carlisle, announces its strategic partnership with EVERFI, a leading Impact-as-a-Service™ education innovator, to bring financial literacy curriculum to Central Pennsylvania students.

KCA Wealth Management Works with EVERFI to Bring Financial Literacy Education to Central Pennsylvania Students

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

Blackbaud (BLKB) Up 2.3% Since Last Earnings Report: Can It Continue?

Blackbaud (BLKB) noted that the integrations with PayPal and Venmo will enable social good organizations to create a safe and seamless checkout experience for registration, donations and so on.

Blackbaud (BLKB) Now Boasts PayPal and Venmo Payment Options

Despite 70 percent of companies stating that investment in DEI has a positive impact on their brand, less than 35 percent of employers offer DEI or bias training to employees WASHINGTON and NEW YORK, March 24, 2022 /PRNewswire/ -- A new survey of HR professionals, commissioned by social impact education innovator EVERFI , and hiring software company  Greenhouse , discovered that despite many companies' efforts to address diversity, equity, and inclusion (DEI) in the workplace, companies are failing to implement bias-reducing strategies in the hiring and onboarding processes, and beyond. The survey found that the majority (69 percent) of companies believe inclusive hiring and onboarding practices have a positive impact on a company's brand and contribute to greater employee wellbeing, however, companies neglect to prioritize DEI once employees have been hired.

Research From EVERFI and Greenhouse Reveals Critical Gap in Bias-Reducing Hiring Strategies and Workplace Education

New integration gives U.S. social good organizations more ways to raise money and  provide exceptional donor experiences CHARLESTON, S.C. , March 23, 2022 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that Blackbaud Merchant Services™ customers can now accept payments through both PayPal and Venmo in the U.S. in select Blackbaud products.

Blackbaud Adds PayPal and Venmo Payment Capability for Blackbaud Merchant Services™ Customers

PenFed continues to invest in the future of Puerto Rico by providing financial education to over 2,200 public and private school students TYSONS, Va., March 17, 2022 /PRNewswire/ -- PenFed Credit Union and EVERFI today hosted an interactive learning event focused on improving financial literacy for 11th and 12th grade students at Saint John's School in San Juan, Puerto Rico.

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

Blackbaud (BLKB) partners with the Change donation platform to provide companies with "customer-facing giving experiences."

Blackbaud (BLKB) Collaborates With Change Donation Platform

SAN FRANCISCO, March 10, 2022 /PRNewswire/ -- Change , a technology platform powering giving experiences, and Blackbaud, the world's leading cloud software company powering social good, today announced they will partner to provide companies with customer-facing giving experiences. This will provide Blackbaud's corporate customers with an option to run charitable campaigns at point of sale, match customer donations and offer donation options in loyalty programs.

BLACKBAUD PARTNERS WITH CHANGE, A DONATION TECHNOLOGY PLATFORM, TO OFFER COMPANIES CUSTOMER-FACING GIVING EXPERIENCES

CHARLESTON, S.C., Feb. 24, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced its upcoming participation in two investor events.

Blackbaud to Participate in March 2022 Investor Events

Blackbaud, Inc. (BLKB) CEO Michael Gianoni on Q4 2021 Results - Earnings Call Transcript

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