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 a significant update to its Blackbaud Grantmaking™ product, introducing a new user interface powered by Blackbaud SKY®. This enhancement provides grantmakers worldwide with advanced tools for efficient grant management accessible on any device. Key features include mobile integration, real-time updates, personalized dashboards, and enhanced security measures. The upgrade is available at no cost to current customers, aiming to support philanthropic efforts, especially in the wake of the COVID-19 pandemic.
On March 12, 2021, Blackbaud (NASDAQ: BLKB) announced its president and CEO Mike Gianoni was recognized as one of the 50 Most Influential People of 2020 by Charleston Business Magazine. This marks Gianoni's third consecutive year on the list, acknowledging his commitment to innovation and inclusive workplace culture. Under his leadership since 2014, Blackbaud has expanded its services to millions across over 100 countries, including major nonprofits and Fortune 500 companies. Gianoni's efforts include prioritizing corporate citizenship and sustainability, with Blackbaud joining the United Nations Global Compact.
Blackbaud (NASDAQ: BLKB) will host a virtual investor session on March 25, 2021, from 10 a.m. to 12 p.m. ET. Executive management will discuss the company's strategic outlook and conduct a Q&A session. Key speakers include Mike Gianoni, Kevin McDearis, Kevin Gregoire, David Benjamin, and Tony Boor. Interested parties can register here. A recording will be archived on Blackbaud's investor webpage post-event.
Blackbaud (NASDAQ: BLKB) announced that several leading higher education institutions, including Baylor University and Clemson University, are successfully implementing Blackbaud CRM to enhance teamwork and fundraising efforts amid the COVID-19 pandemic. A recent study by Zuri Group revealed that institutions using Blackbaud CRM saw an average annual increase of $55.1M in funds raised, with a remarkable 63-percentage-point increase compared to others. Blackbaud's solutions enable comprehensive fundraising management, ensuring improved alumni relations and collaboration across campuses, essential in today's digital landscape.
On February 16, 2021, the Blackbaud Institute released its ninth-annual Charitable Giving Report, analyzing over $40 billion in US charitable donations. The report showed that US charitable giving grew by 2% year-over-year with online donations increasing by nearly 21%. A record 13% of fundraising came from online sources, highlighting a shift towards digital strategies. Although nonprofits faced a drop in giving in early 2020, they rebounded significantly in the latter half of the year, showing resilience in the social good sector.
Blackbaud reported its fourth quarter and full year 2020 financial results, demonstrating a 2.0% increase in total GAAP revenue to $242.6 million.
The company achieved a 4.4% rise in GAAP recurring revenue and a substantial non-GAAP operating margin of 24.0%.
Despite a GAAP net loss of $13.6 million, non-GAAP net income reached $42.0 million.
Looking ahead, Blackbaud aims to achieve its Rule of 40 goal, enhancing operational efficiency and cost-effectiveness.
On February 5, 2021, Blackbaud (NASDAQ: BLKB) announced that its customers can now purchase Blackbaud Learn subscriptions online for flagship products Raiser's Edge NXT and Financial Edge NXT. This initiative follows a surge in engagement in Blackbaud University courses during COVID-19, where nearly 200,000 courses were completed in 2020. Customers reported saving six hours weekly due to improved skills and a 15% increase in fundraising. Blackbaud aims to enhance accessibility and efficiency in learning through a streamlined, three-click ordering process.
Blackbaud (NASDAQ: BLKB) will announce its fourth quarter and full-year 2020 financial results on February 8, 2021, after the market closes. Following this, a conference call will be held on February 9, 2021, at 8:00 a.m. ET to discuss the results. The event will be accessible via a live webcast and archived on the company's investor webpage. Blackbaud continues to serve a diverse community, including nonprofits and educational institutions, providing tailored cloud software solutions.
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