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) reported its Q3 2020 financial results, revealing a 2.8% decline in total GAAP revenue to $215.0 million. Recurring revenue decreased by 2.5%, accounting for 93.1% of total revenue. Despite revenue pressures, GAAP operating margin improved by 110 basis points to 4.7%. Non-GAAP income from operations rose to $48.1 million, with a margin increase of 590 basis points to 22.4%. The company is focused on profitability amid ongoing pandemic challenges and has invested in engineering and security. Recent highlights include completing the purchase of its headquarters and launching new products.
Blackbaud (NASDAQ: BLKB) is enhancing support for organizations during the COVID-19 pandemic with its solutions Blackbaud Grantmaking and Blackbaud CRM. These tools streamline grant management and fundraising efforts, enabling swift response to urgent needs. The Lutheran Church—Missouri Synod effectively utilized these solutions, awarding nearly 600 grants by June 2020, significantly increasing their grant output. Their initial fundraising appeal yielded $35,000 in one day and over $1.5 million in six months, reflecting heightened generosity during the crisis.
On October 23, 2020, Blackbaud (NASDAQ: BLKB) announced enhancements to its Peer-to-Peer Fundraising solution, integrating livestream capabilities to support organizations facing fundraising challenges due to COVID-19. This no-cost solution allows organizations to create online campaigns that increase reach and revenue. The Stuttering Association for the Young successfully raised nearly $250,000 through a virtual event, showcasing Blackbaud's technology's effectiveness. The platform facilitates seamless integration with other Blackbaud solutions, driving more donations from both new and existing donors.
Blackbaud (NASDAQ: BLKB) has released a report indicating that COVID-19 has significantly altered parent expectations in K-12 education. Based on a survey of 7,450 parents, key findings include high satisfaction levels with remote learning (85%) and increased expectations for technology use in schools. Notably, 54% expect all learning resources to be online, and 85% show interest in competency-based education. However, one in five families considered changing schools, indicating disruption in typical enrollment trends. This shift in expectations signals a lasting impact on educational technology adoption.
Blackbaud (NASDAQ: BLKB) will announce its third quarter 2020 financial results on October 28 after market closure. A conference call for discussion will be held on October 29 at 8:00 a.m. ET. The call will be accessible via webcast and archived on Blackbaud's investor webpage.
Blackbaud, the leading cloud software provider for social good, serves various sectors, including nonprofits and education. With over three decades in operation, Blackbaud continues to empower organizations with tailored software solutions.
Blackbaud (NASDAQ: BLKB) successfully hosted its 21st annual bbcon, a virtual tech conference from October 6-8, 2020, attracting over 38,000 registrants globally. The event highlighted new product innovations and featured notable speakers discussing resilience and social good. Blackbaud reinforced its collaboration with Microsoft to enhance digital transformation in the social good sector. Key advancements included updates to existing products and the introduction of the Social Good Startup Program aimed at supporting diverse startups. The conference underscored Blackbaud's commitment to innovation amidst COVID-19 challenges.
The Blackbaud Institute has released Vital Signs Part 3, revealing that fewer US households are contributing to charitable donations, with major donors increasingly controlling the sector’s funding. The report, which spans data from 2010-2019, indicates a decline in both the number of donor households and their retention rates. The findings emphasize the need for organizations to adapt fundraising strategies to maintain donor engagement and to consider the preferences of the Baby Boomer demographic, who significantly influence philanthropy today.
Blackbaud (NASDAQ: BLKB) announced that Emmy-nominated host Padma Lakshmi will speak at bbcon 2020 Virtual from Oct. 6-8, 2020. The event, free to attendees, focuses on social good amid COVID-19. Lakshmi is recognized for her advocacy and culinary expertise, hosting Bravo's "Top Chef" and Hulu's "Taste the Nation." Blackbaud reported over 29,000 registered participants for the conference, featuring speakers like Amy Poehler and Dr. Cornel West. Additionally, a musical performance by JOHNNYSWIM will occur during the event, enhancing its appeal to the social good community.
Blackbaud (NASDAQ: BLKB) announces that Hoda Kotb, co-anchor of TODAY and bestselling author, will headline bbcon 2020 Virtual, taking place October 6-8. This year's conference, transformed to a global virtual format due to COVID-19, is free for all attendees. Notable speakers include Amy Poehler and Dr. Cornel West, with over 23,000 participants registered. Additionally, musician Natasha Bedingfield will perform during the event. Blackbaud continues to connect and empower social good organizations through its cloud software solutions.
Blackbaud (NASDAQ: BLKB) announced that acclaimed actress Amy Poehler will address the bbcon 2020 Virtual conference, taking place Oct. 6-8. This year's event is free and designed to inspire social good, reflecting the challenges posed by COVID-19. Over 18,000 attendees are registered worldwide. Poehler is recognized for her advocacy work and will lead the opening session. Additional speakers include Marc Brackett, Dara Torres, and a panel on adapting to change. For details, visit bbconference.com.
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