Welcome to our dedicated page for Blackbaud news (Ticker: BLKB), a resource for investors and traders seeking the latest updates and insights on Blackbaud stock.
Blackbaud Inc (NASDAQ: BLKB) delivers cloud software solutions that empower mission-driven organizations across the social good sector. This news hub provides investors and stakeholders with centralized access to official updates, financial disclosures, and strategic developments from the nonprofit technology leader.
Our curated collection features earnings reports, product innovation announcements, and strategic partnership updates directly from Blackbaud. Users will find timely information on fundraising technology advancements, financial management tools, and corporate social responsibility initiatives that shape the company's market position.
Key content categories include quarterly financial results, acquisitions in the social impact software space, executive leadership updates, and new feature releases for platforms serving nonprofits and educational institutions. The repository is continuously updated to reflect Blackbaud's evolving role in enabling digital transformation for organizations driving societal change.
Bookmark this page for streamlined access to verified information about BLKB's operational milestones and technology roadmap. Combine these resources with fundamental analysis tools to make informed decisions about this specialized software provider.
Blackbaud (NASDAQ: BLKB) has appointed Chad Anderson as the new chief accounting officer, effective immediately. Anderson, who joined Blackbaud in March 2013, previously served as the senior vice president and corporate controller. His experience includes overseeing global financial operations, tax, and financial shared services. CFO Tony Boor expressed confidence in Anderson's leadership skills and contributions to the finance team. Blackbaud is a cloud software company focused on social good, offering tailored solutions for various sectors including nonprofits and education.
Blackbaud (NASDAQ: BLKB) has appointed Yogesh K. Gupta, CEO of Progress Software, and Rupal S. Hollenbeck, Chief Commercial Officer of Check Point Software, to its board of directors. This decision follows the retirement of board members Timothy Chou and Joyce M. Nelson. Both Gupta and Hollenbeck bring extensive experience in software and global operations, which is expected to enhance Blackbaud's growth and innovation strategies. The company aims to deliver significant value to stakeholders as it moves into 2023.
Corebridge Financial and EVERFI have conducted a survey involving over 16,000 college students, revealing heightened financial anxiety among students. Key findings indicate that 57% are worried about post-graduation employment and 44% about student loans. Confidence in timely loan repayments has dropped to 69%, while 45% expect family support post-graduation. In credit card management, 83% reported on-time payments. The survey, representative of 371 institutions from 42 states, aims to highlight financial concerns facing students today.
Blackbaud (NASDAQ: BLKB) reported strong financial results for Q3 2022, with total revenue of $261.3 million, up 13% year-over-year. The company expects to meet or exceed its full year 2022 financial guidance, projecting a 29% Rule of 40 performance on a constant currency basis. Non-GAAP adjusted EBITDA increased to $66.9 million. Blackbaud aims for mid-single digit organic growth and an EBITDA margin of around 29% for 2023. The acquisition of Kilter and divestiture of certain products are strategic moves to enhance focus and innovation.
Blackbaud (NASDAQ: BLKB), a leader in cloud software for social good, will release its third quarter 2022 financial results on November 1, 2022, after market close. A conference call to discuss these results is scheduled for November 2, 2022, at 8:00 a.m. ET. Investors can join the call via live dial-in or a webcast available on its investor webpage. This financial update aims to provide insights into the company's performance and outlook for the future.
The 23rd Annual Tech Conference for Good, hosted by Blackbaud (NASDAQ: BLKB), began today, offering a free online platform for social good practitioners worldwide. Notable speakers, including CEO Mike Gianoni and celebrity activists, will share insights to enhance organizational impact. Blackbaud highlights product innovations, such as expanded SKY APIs and AI-driven insights in its fundraising software, aiming to optimize revenue and engagement for nonprofits. The conference will run until December 9, 2022, with on-demand access available after broadcasts.
Healthy Blue, in partnership with EVERFI, launched a health and wellness initiative providing free digital courses for middle and high school students in Kansas. The courses cover vital topics like mental wellness, prescription drug safety, and underage drinking prevention. Since May, over 1,600 students across nine schools have benefitted from this program, which aims to tackle rising issues related to student mental health and risky behaviors.
The initiative employs interactive, age-appropriate content designed to engage students effectively, thereby promoting healthy decision-making.
FAQ
What is the current stock price of Blackbaud (BLKB)?
What is the market cap of Blackbaud (BLKB)?
