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) announced updates on its Social Good Startup Program, an accelerator for early-stage software companies impacting the social good community. Launched in 2020, the program has supported 27 startups, helping them collectively raise over $45 million in funding. The recent pitch competition awarded cash prizes to standout participants. Notable startups include Give InKind, Change, and Carpool to School. Participants gain access to resources, marketing, and funding opportunities, enhancing their growth potential.
Blackbaud (NASDAQ: BLKB) is reinforcing its commitment to social good through its global corporate social responsibility (CSR) initiatives. In 2021, the company made significant donations for disaster relief and supported employee volunteering efforts, including a major donation to Big Brothers Big Sisters. Blackbaud also donated nearly 1,000 devices to various organizations. They have been recognized by Newsweek as one of America's Most Responsible Companies and continue to engage in environmental, social, and governance (ESG) efforts, including joining the UN Global Compact.
Blackbaud (NASDAQ: BLKB) has partnered with Campaign Monitor to integrate its email marketing solution with Blackbaud Raiser's Edge NXT, aiming to enhance digital engagement for nonprofits. This integration allows for automated email marketing tailored to the needs of social good organizations. Customers can now utilize either Raiser's Edge NXT's native tools or Campaign Monitor. The partnership aims to streamline data syncing and improve campaign performance, thereby increasing fundraising effectiveness.
Blackbaud (NASDAQ: BLKB) reported strong financial results for Q3 2021, achieving a total GAAP revenue of $231.2 million, a 7.5% increase year-over-year. Recurring revenue rose by 9.2%, indicating continued growth in its cloud software services for social good. Non-GAAP income from operations was $50.5 million, with adjusted EBITDA at $62.4 million. The company announced share repurchases totaling $40.3 million and raised its full-year financial outlook, predicting substantial free cash flow generation. Blackbaud continues to invest in innovation and customer success.
The Blackbaud Institute has published a report titled Tipping Point: Aligning with Supporters in a Changing World, highlighting key findings from a survey of over 2,160 nonprofit professionals and donors. Conducted from June 28 to July 23, 2021, the research indicates a shift in donor demographics, showing an increase in younger and more diverse donors. Notably, one-third of new donors are likely to continue their support. The report also emphasizes the importance of personalized donor engagement and the adoption of technology to improve donor satisfaction.
Blackbaud (NASDAQ: BLKB) has officially adopted a remote-first workforce approach following successful operations since the COVID-19 pandemic began. The company reports a 50% increase in job applications and 80% of hires are for remote positions in 2021, enhancing talent acquisition and diversity. Additionally, 40% of employees have progressed in their careers over the past year. The transition aims to reduce environmental impact while maintaining a focus on community involvement and employee well-being.
Blackbaud (NASDAQ: BLKB) has announced a multi-year, six-figure donation to Big Brothers Big Sisters to enhance equity and workforce diversity. This contribution supports the BIG Beyond Scholar Program in Charleston, targeting career and educational readiness for under-resourced youth. Over three years, Blackbaud will assist 25-30 students annually, providing mentorship and internship opportunities. The program aims to share successful strategies with similar organizations globally, reinforcing Blackbaud's commitment to social good and community investment.
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