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) has announced that Grammy-winning artist Colbie Caillat will perform at the bbcon 2021 Virtual conference, scheduled for Oct. 13–15. The event is free and features engaging sessions for social good professionals. Dr. Pippa Grange, a renowned sports psychologist, will also join the mainstage. The conference promises over 140 informative sessions aimed at various sectors including nonprofits and educational institutions, enhancing networking and learning opportunities for attendees.
Blackbaud (NASDAQ: BLKB) announced that LeVar Burton will be a mainstage speaker at the bbcon 2021 Virtual conference, scheduled for October 13–15. This free event currently has over 11,000 registrants and will feature more than 100 sessions aimed at social good professionals. Burton, known for his advocacy in literacy and social good, will share insights with the audience. The conference aims to provide valuable content across various sectors, including nonprofits and educational institutions.
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.