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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CHARLESTON, S.C., April 15, 2021 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced updates to its YourCause® suite, which will help companies drive more social impact globally.

Blackbaud Expands Global Capabilities for YourCause® to Power Social Good Around the World

CHARLESTON, S.C., April 12, 2021 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to announce that its Chief Marketing Officer Catherine Cook LaCour  has been named one of the 2021 Top 50 Most Powerful Women in Technology by DiversityFirst™ and the National Diversity Council.

Blackbaud CMO Catherine LaCour Named one of the 2021 Top 50 Most Powerful Women in Technology

CHARLESTON, S.C., April 6, 2021 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to announce that Brandon Sharrett has been appointed president and general manager for Blackbaud Corporate Solutions™, reporting to David Benjamin, executive vice president, International Markets Group.

Blackbaud Appoints Brandon Sharrett President and General Manager of Blackbaud Corporate Solutions™

CHARLESTON, S.C., April 1, 2021 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today released data that illustrates the impact of philanthropy on the healthcare industry during 2020.

Blackbaud Data Highlights the Impact of Healthcare Philanthropy During COVID-19

CHARLESTON, S.C., March 30, 2021 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that a new, modern user interface for Blackbaud Grantmaking™ is now available to customers around the world.

Blackbaud Grantmaking™ is Now Available in a Powerful New User Interface

CHARLESTON, S.C., March 12, 2021 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, is pleased to announce that its president and CEO Mike Gianoni was named one of the 50 Most Influential People of 2020 by Charleston Business Magazine.

Blackbaud CEO Mike Gianoni Named One of 50 Most Influential by Charleston Business Magazine

CHARLESTON, S.C., March 10, 2021 /PRNewswire/ -- As previously announced, Blackbaud  (NASDAQ: BLKB), the world's leading cloud software company powering social good, will host a virtual event for members of the investment community on Thursday, March 25, from 10 a.m.

Blackbaud to Host Virtual Investor Session on Thursday, March 25, 2021

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

Blackbaud (BLKB) Down 9.3% Since Last Earnings Report: Can It Rebound?

CHARLESTON, S.C., March 3, 2021 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, is proud to share that leading enterprise higher education institutions are relying on Blackbaud CRM™ to empower teams across campus, strengthen...

Blackbaud CRM™ Accelerates Advancement and Campus-Wide Collaboration for Enterprise Higher Education Institutions

CHARLESTON, S.C., Feb. 16, 2021 /PRNewswire/ -- The Blackbaud Institute, a research division of Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today released its ninth-annual Charitable Giving Report. Tracking over $40 billion in US-based...

The Blackbaud Institute's 2020 Charitable Giving Report Finds That Online Giving Grew 21% Amidst Global Pandemic

CHARLESTON, S.C., Feb. 11, 2021 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that it has joined the United Nations (UN) Global Compact initiative—a voluntary leadership platform for the development,...

Blackbaud Joins the United Nations Global Compact, Building on its Commitment to ESG

Blackbaud, Inc. (BLKB) CEO Mike Gianoni on Q4 2020 Results - Earnings Call Transcript

Blackbaud's (BLKB) fourth-quarter 2020 results reflect gains from improvement in recurring revenues.

Blackbaud (BLKB) Q4 Earnings & Revenues Surpass Estimates

Blackbaud (BLKB) delivered earnings and revenue surprises of 18.06% and 6.36%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Blackbaud (BLKB) Beats Q4 Earnings and Revenue Estimates

Shares of Blackbaud (NASDAQ:BLKB) moved higher in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 66.67% year over year to $0.85, which beat the estimate of $0.71.

Blackbaud: Q4 Earnings Insights

CHARLESTON, S.C., Feb. 8, 2021 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced financial results for its fourth quarter and full year ended December 31, 2020. "We finished the year strong with fourth quarter...

Blackbaud Announces 2020 Fourth Quarter and Full Year Results

CHARLESTON, S.C., Feb. 5, 2021 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, now provides customers the option to purchase Blackbaud Learn® subscriptions online via e-commerce for two of its flagship products, Blackbaud Raiser's...

Blackbaud University Offers Customers a Fully Digital Purchasing Experience for Training Subscriptions

CHARLESTON, S.C., Jan. 26, 2021 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, will report its fourth quarter and full-year 2020 financial results on Monday, February 8 after the U.S. financial markets close for trading. In...

Blackbaud Announces Date of Fourth Quarter and Full-Year 2020 Financial Results

CHARLESTON, S.C., Dec. 17, 2020 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today shared several corporate social responsibility (CSR) initiatives the company has recently sponsored to support virtual volunteering and...

Blackbaud Gives Back Through Corporate Social Responsibility Initiatives

CHARLESTON, S.C., Dec. 15, 2020 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced updates to the Blackbaud Marketplace, a platform that brings increased innovation to all Blackbaud customers. The Blackbaud...

Blackbaud Launches Updated Marketplace to Deliver Increased Innovation for Social Good Organizations

CHARLESTON, S.C., Dec. 1, 2020 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced long-term financial goals. In conjunction with the announcement, Blackbaud will also host a conference call Wednesday, December 2, at...

Blackbaud Announces Long-Term Financial Goals and Strategic Outlook

CHARLESTON, S.C., Nov. 30, 2020 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, tomorrow will celebrate the ninth annual global giving holiday, GivingTuesday, virtually ringing the opening bell at Nasdaq and amplifying stories of...

Blackbaud Celebrates GivingTuesday with Stories of Rethinking Change

Blackbaud (BLKB) Down 2.5% Since Last Earnings Report: Can It Rebound?

CHARLESTON, S.C., Nov. 19, 2020 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, recently launched the Blackbaud After School Program to support employees globally who are balancing work and child care in the remote world of...

Blackbaud's Innovative Global After School Program Supports its Working Caregivers

We believe that Blackbaud's stock still has more than 20% upside once the fear around the pandemic subsides. Blackbaud, a cloud computing provider, saw its stock lose around 33% in value so far this year.

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