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) is a software company focused on powering social impact, and its news flow reflects that mission. The company regularly issues updates on product innovation, artificial intelligence capabilities, corporate social responsibility initiatives, financial performance and ecosystem programs that support nonprofits, educational institutions, corporations and individual change makers.
Investors and practitioners following BLKB news can expect announcements about new AI-powered features in solutions such as Blackbaud Raiser's Edge NXT, Financial Edge NXT, Luminate Online, TeamRaiser, YourCause CSRconnect, YourCause GrantsConnect, Blackbaud Impact Edge and a range of K–12 education products. Recent communications have highlighted purpose-built AI tools, Agents for Good, Anthropic-powered fundraising connectors and intelligent workflows designed for fundraising, financial management, digital giving, grantmaking, CSR and education management.
Blackbaud also reports on its role as a convener in the social impact sector. News items cover events like bbcon, the K–12 User Conference and the North America Corporate Social Impact Summit, as well as the Social Good Startup Program and Blackbaud Institute research releases. These stories provide insight into how the company engages with customers, partners and startups, and how its philanthropic dataset informs sector-wide best practices.
For those tracking BLKB stock, the news stream includes quarterly earnings releases, capital allocation updates such as stock repurchase program changes, and Form 8-K references. Together, these articles offer a view into Blackbaud’s strategic priorities, product roadmap and ongoing investment in AI and data-driven tools for the global social impact community.
Blackbaud (BLKB) reported Q2 2020 financial results, revealing a total GAAP revenue of $232.0 million, a 2.8% increase year-over-year. Recurring revenue reached $216.3 million, making up 93.2% of total revenue. GAAP net income rose to $11.8 million, with diluted earnings per share at $0.24. Non-GAAP income from operations stood at $54.5 million, with a non-GAAP diluted EPS of $0.85. Although the company maintains a positive outlook, it cautioned that current market uncertainties might pressure near-term revenue growth.
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Blackbaud (NASDAQ: BLKB) has announced the launch of registration for bbcon 2020 Virtual, an online conference aimed at empowering social good. Due to the COVID-19 pandemic, attendance is free, allowing a global audience to participate. The event promises three days of thought leadership, technology trends, and networking opportunities. Blackbaud aims to transform the conference experience to address the challenges faced by organizations in the social good sector. Detailed information regarding sessions and speakers will be shared soon.
Blackbaud (NASDAQ: BLKB), a leading cloud software company, sponsored the all-virtual Social Innovation Summit 2020, attracting 6,000 participants from 75 countries. VP Rachel Hutchisson discussed the resilience of giving, highlighting a consistent $7 billion annual increase in U.S. donations over the last 40 years. Notably, political donors contributed over $800 million to campaigns and were also generous to other causes. During economic challenges, those who could give increased their donations by 40%. Hutchisson expressed optimism for the future of philanthropy.
On July 21, 2020, Blackbaud (NASDAQ: BLKB) announced its support for higher education institutions adapting to COVID-19 through its cloud solutions. The company powers 24 of the top 25 private U.S. colleges, facilitating remote operations like admissions and fundraising. Notable success stories include Bradley University raising over $400,000 via Blackbaud's Raiser's Edge NXT during its giving day, and DePauw University enhancing fundraising efficiency by 154% through guided fundraising solutions. Blackbaud's technology has been critical in maintaining continuous operations in the education sector during the pandemic.
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On July 17, 2020, Blackbaud (NASDAQ: BLKB) successfully concluded its annual K–12 tech conference, Blackbaud K–12 UC, in a fully virtual format. The conference attracted over 5,000 participants, emphasizing effective collaboration amid the pandemic. Key discussions revolved around implementing distance learning and hybrid education models. Blackbaud also introduced new competency-based education features in its Learning Management System, aimed at enhancing assessment methodologies. The event highlighted the need for innovative marketing and admissions strategies to adapt to the new educational landscape.
Blackbaud (NASDAQ: BLKB), a leader in cloud software for social good, will announce its second quarter 2020 financial results on July 29 after market close. A conference call to discuss these results is scheduled for July 30 at 8:00 a.m. ET. The call will be accessible via a live webcast and will also be archived for future listening on Blackbaud's investor webpage. The company serves a diverse range of organizations, emphasizing its commitment to enhancing societal impact through tailored software solutions.
Blackbaud (NASDAQ: BLKB) announced key promotions within its leadership team on July 9, 2020. Page Bullington will now serve as president and general manager of Blackbaud Foundation Solutions while maintaining her role in Blackbaud Healthcare Solutions. Chris Krackeler has been elevated to president and general manager of Blackbaud Higher Education Solutions. The company emphasizes that both leaders possess extensive experience and proven success in the social good sector, indicating a strong potential for continued growth in these markets.
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