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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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.

Morehead State University Foundation Adopts Blackbaud Financial Edge NXT® to Deliver Greater Efficiency and Data Confidence

Through Partnership, Blackbaud Invests in Employee Wellbeing and Community Health CHARLESTON, S.C. , Feb. 8, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today shared ways the company and its employees are recognizing American Heart Month in February through an ongoing partnership with the American Heart Association, the nation's oldest and largest voluntary organization dedicated to fighting heart disease and stroke.

Blackbaud Raises Awareness for Heart Month Through Ongoing Partnership with the American Heart Association

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Blackbaud, Inc. (Nasdaq: BLKB) concerning the Company and its directors' and officers' possible violations of state laws. If you own Blackbaud stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 10169 at tkennedy@g.

Glancy Prongay & Murray LLP Announces Investigation of Blackbaud, Inc. (BLKB)

Through Connected Systems, Blackbaud is Helping Social Impact Organizations Grow Their Donor Base and Raise More Funds CHARLESTON, S.C. , Feb. 7, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced it is bringing new capabilities to Blackbaud Raiser's Edge NXT®.

Blackbaud to Bring Powerful, New Capabilities to Raiser's Edge NXT®

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Blackbaud (BLKB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

What Analyst Projections for Key Metrics Reveal About Blackbaud (BLKB) Q4 Earnings

New education lessons will be part of Vaping: Know the truth, a digital tobacco prevention & cessation curriculum, which has enrolled more than one million students in less than three years CHARLESTON, S.C. and WASHINGTON , Feb. 5, 2024 /PRNewswire/ -- Truth Initiative, the organization behind truth® , the nationally recognized, proven-effective youth and young adult tobacco and opioid prevention public education campaigns, and Kaiser Permanente have teamed up again with EVERFI® from Blackbaud®, the leader in powering social impact through education, to bring teachers and students two new lessons to specifically address the growing problem of cannabis-filled vapes.

Truth Initiative and Kaiser Permanente Join Forces with EVERFI from Blackbaud to Teach Students About the Dangers of Vaping Cannabis

CHARLESTON, S.C. , Feb. 2, 2024 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, announced a settlement with the U.S. Federal Trade Commission (the "FTC") related to its 2020 security incident.

Blackbaud Reaches Agreement with the Federal Trade Commission Related to 2020 Security Incident

Education tech company Blackbaud agreed to settle with the U.S. Federal Trade Commission over the company's security practices that resulted in a 2020 data breach. The FTC alleges that Blackbaud, a U.S.

FTC orders Blackbaud to overhaul ‘reckless' security practices in wake of 2020 breach

Blackbaud (BLKB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

News for Blackbaud Stock (BLKB)