Blackbaud reports developments in social impact software for nonprofits, foundations, corporations, schools, higher education institutions, healthcare organizations and other mission-driven customers. Company news commonly covers AI-powered fundraising, fund accounting, award management, payments and billing, customer outcomes, product launches and partnerships across its social impact platform.
Recurring updates also include quarterly financial results, guidance, sector research from the Blackbaud Institute, education-market initiatives, and company events such as bbcon. Product and platform themes include Intelligence for Good, Agent for Good, the Development Agent, Raiser's Edge NXT and related tools designed for fundraising, donor engagement, financial management and social impact operations.
Blackbaud (NASDAQ: BLKB) reported a 15.5% year-over-year increase in total GAAP revenue, reaching $264.9 million for Q2 2022. Despite a slight decline in non-GAAP net income to $38.9 million, the company's non-GAAP adjusted EBITDA improved to $70.6 million. Blackbaud has revised its full-year revenue guidance to between $1.05 billion and $1.07 billion. The company also highlighted its commitment to product innovation and customer experience, alongside strategic leadership changes. However, concerns regarding macroeconomic pressures and a shift from one-time service revenues were acknowledged.
On July 26, 2022, Blackbaud (NASDAQ: BLKB) announced the appointment of Deneen DeFiore, former vice president and global chief information security officer at United Airlines, to its board of directors. DeFiore brings over 20 years of expertise in technology and cybersecurity, including leadership roles at GE Aviation. Her experience in cybersecurity is expected to enhance Blackbaud's strategies as the company prioritizes this area amid growth. The board's chairman, Andrew M. Leitch, and CEO Mike Gianoni expressed confidence in her contributions to drive innovation.
EVERFI, a leader in education innovation, will launch a no-cost digital education program focused on crypto and web3 for high school students across the U.S. this fall. As the demand for blockchain knowledge grows, the program aims to fill the educational gap by providing foundational skills and decision-making capabilities in digital assets. With over 25,000 schools using its products, EVERFI is uniquely positioned to reach millions of students. An 'Intro to Crypto' course will be unveiled at the LearnOn educator conference, expanding access to critical financial knowledge for students nationwide.
EVERFI, a leader in social impact education, will host its third annual LearnOn Conference on July 21, 2022, bringing together nearly 5,000 K-12 educators for a free virtual event. The conference, themed Forward Together, aims to support educators facing challenges from the COVID-19 pandemic. Attendees can choose from over 25 breakout sessions on topics like student mental health and financial literacy. Keynote speaker Joe "Mr. D" Dombrowski will also present. Registration is open at learnon.everfi.com.
Blackbaud (NASDAQ: BLKB) announces key organizational changes with the appointment of Kevin Gregoire as Chief Operating Officer, David Benjamin as Chief Commercial Officer, and Tom Davidson as Executive Vice President of Corporations. These leadership updates aim to enhance product and technology innovation, improve customer focus, and boost sales productivity. CEO Mike Gianoni expressed confidence that this restructuring will streamline operations and enhance customer experience. All appointments are effective immediately, positioning Blackbaud to better serve its social good community.
Blackbaud (NASDAQ: BLKB) has released its 10th annual Industry Review, analyzing corporate social responsibility (CSR) data from over 380 companies and 7.6 million employees. Key findings reveal that in-person volunteer events were preferred, with 72% of 6 million tracked hours occurring in person. Matching gifts comprised 43.7% of total donations, while 91% of companies supported offline giving. Notably, over $607 million in grants were awarded in 2021. The report shows significant growth in both companies and employees engaged in CSR, reflecting an evolving focus on social impact.
Blackbaud (NASDAQ: BLKB) is set to report its second quarter 2022 financial results on August 2, following the U.S. market close. A conference call will take place on August 3 at 8:00 a.m. ET to discuss these results. The company, a leader in cloud software for social good, supports diverse sectors including nonprofits and educational institutions, helping them increase their impact through specialized solutions. A webcast of the call will be available on Blackbaud's investor webpage for those interested.
On July 6, 2022, Blackbaud (NASDAQ: BLKB) announced that its Chief Marketing Officer, Catherine LaCour, received the 2022 South Carolina Women in Business Award from Charleston Business Magazine. This prestigious recognition honors women excelling in various business fields. LaCour has played a pivotal role at Blackbaud for 12 years, during which the company earned multiple accolades, including America's Best Midsized Employers and Best Employers for Diversity and Women. Her leadership has significantly expanded Blackbaud's market share in the philanthropic and technology sectors.
EVERFI awarded a total of $483,000 in college scholarships to 279 K-12 students across the United States for the 2021-2022 school year. The scholarships will be used for 529 College Savings Plans, enhancing financial accessibility for higher education. Over 13,000 submissions were received for scholarship contests focused on career aspirations and financial literacy. EVERFI, a Blackbaud company, aims to empower students through education and financial support, helping them build critical skills while pursuing their academic dreams.
Blackbaud (NASDAQ: BLKB) has appointed Chris Singh as the first Chief Customer Officer, effective June 21, 2022. This role underscores Blackbaud's commitment to enhancing customer experience across their lifecycle. Singh previously served as senior vice president of Customer Success, facilitating over 300 customer sessions with 53,000 attendees. He aims to improve customer engagement and strategic outcomes. His prior experience includes senior leadership roles at SAP, focusing on customer success and satisfaction. Blackbaud's mission is to empower social good organizations through cloud software.