Blackbaud Inc Stock Price, News & Analysis

Blackbaud (NASDAQ: BLKB) reported its Q2 2021 financial results, revealing total GAAP revenue of $229.4 million, down 1.1% from the previous year, while GAAP recurring revenue rose slightly by 0.3% to $217.0 million. Non-GAAP diluted earnings per share dipped to $0.82, a decline of $0.03. The company achieved a GAAP net cash flow of $69.8 million, reflecting an increase of $7.8 million. Blackbaud repurchased 405,047 shares totaling $30 million, with $151 million left under the share buyback program. The company is confident in exceeding its 2021 free cash flow target of $100 million.

Blackbaud (NASDAQ: BLKB) will report its second quarter 2021 financial results on August 3, following market close. A conference call is scheduled for August 4 at 8:00 a.m. ET to discuss the results. Blackbaud, the leading cloud software company for social good, has provided services for over four decades and serves various sectors, including nonprofits, education, and health. The company emphasizes its commitment to empowering organizations through tailored solutions.

Blackbaud (NASDAQ: BLKB) has released its ninth-annual Industry Review focusing on Employee Engagement and Corporate Social Responsibility (CSR). Analyzing data from over 280 companies and 7.2 million employees in 2020, key findings include an increase in median employee donation amounts by $447 and significant contributions to disaster relief, totaling over $9 million.

The report emphasizes how companies adapted their CSR strategies during the pandemic and highlights the engagement of smaller firms as particularly strong.

Blackbaud (NASDAQ: BLKB) has announced that award-winning actress and activist Laura Dern will headline the bbcon 2021 Virtual conference, taking place from Oct. 13-15, 2021. This free, virtual event aims to empower social good professionals with over 100 sessions on various topics. Dern is recognized for her advocacy in gender equality and supporting nonprofits. Last year, the conference attracted 38,000 registrants, and over 8,000 have signed up for this year's event.

Blackbaud (NASDAQ: BLKB) announced the launch of its new Payment Terminal, enhancing payment processing for arts and cultural organizations. This solution facilitates secure, contactless payments for tickets and donations through Blackbaud Altru and Merchant Services. The technology integrates EMV capabilities, ensuring transaction encryption and fraud reduction. With faster processing times and efficient transaction reconciliation, clients like the Children's Museum of the Lowcountry praised its simplicity and effectiveness post-COVID-19 reopening.

Blackbaud (NASDAQ: BLKB) announced the appointment of Chris Singh as the new senior vice president of Customer Success. Singh brings over 17 years of experience, having previously served at SAP, where he oversaw a successful customer engagement program. He will manage global customer success initiatives to enhance client satisfaction and drive cloud subscription revenue. Singh's expertise in enterprise success and cloud models aligns well with Blackbaud's mission to empower social good organizations.

Blackbaud (NASDAQ: BLKB) reported its financial results for Q1 2021, revealing total GAAP revenue of $219.2 million, a 2.0% decline, while GAAP recurring revenue increased 0.9% to $206.8 million. The company showed a GAAP net loss of $0.2 million, with diluted earnings per share (EPS) at $0.00, down from $0.10. However, non-GAAP metrics indicated positive trends: net income rose to $32.8 million with an EPS of $0.68, up $0.17. The firm plans to invest in areas like digital marketing and engineering, citing optimism for growth as the pandemic eases.

On April 19, 2021, Blackbaud (NASDAQ: BLKB) released its 2020 Social Responsibility Report, highlighting the company's support for social good during the pandemic. The report showcases impactful stories from customers like Captain Tom Moore, who raised £38.97 million for NHS Charities, and organizations such as Umpqua Bank and Montreal General Hospital Foundation. Blackbaud also emphasized its commitment to diversity, employee well-being, and expanded corporate citizenship efforts, including a 30% increase in matching gifts for employees, totaling over 100,000 volunteer hours.

Blackbaud (NASDAQ: BLKB) will report its Q1 2021 financial results on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 8:00 a.m. ET to discuss the results. The live webcast can be accessed on the company's investor webpage. Blackbaud continues to support the social good community with software tailored for various sectors including nonprofits and education.