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 2024 financial results with total revenue of $286.7 million, up 3.3% year-over-year. The company's recurring revenue reached $280.0 million, representing 98% of total revenue. GAAP net income was $20.5 million with earnings per share of $0.40. The company's Social Sector, representing 89% of total revenue, grew at 6.6%. However, due to EVERFI's underperformance, Blackbaud revised its 2024 guidance to revenue of $1.150-1.160 billion with adjusted EBITDA margin of 33.0-34.0%.
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has announced its upcoming third quarter 2024 financial results release. The company will report its financial results on Wednesday, October 30, 2024, before the U.S. financial markets open for trading.
In conjunction with this announcement, Blackbaud will host a conference call at 8:00 a.m. ET on the same day to discuss the company's financial results. Interested parties can access the live webcast through the investor webpage on Blackbaud's website. Additionally, a live dial-in option is available at 1-877-407-3088. The webcast will be archived on Blackbaud's investor webpage following the call for future reference.
Blackbaud (NASDAQ: BLKB) hosted its annual technology conference, bbcon 2024, in Seattle, Washington, bringing together thousands of social impact professionals both in-person and virtually. The event featured product announcements, keynote speeches, and over 150 breakout sessions focused on various aspects of social impact technology.
Key highlights included:
- Announcement of AI-powered solutions and enhanced functionality for Blackbaud's core products
- Keynote speeches by Emmy award-winning actress Sheryl Lee Ralph and mental health advocate Dr. Alex George
- Hands-only CPR training provided by the American Red Cross
- Recognition of achievements through the Blackbaud Impact Awards, Social Good Startup Showcase, and Partner Network Awards
The next bbcon is scheduled for October 6-8, 2025, in Philadelphia. Blackbaud will also host Product Update Briefings from November 12-14, 2024.
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, announced a wide range of innovations at its annual bbcon conference. Key updates include:
1. AI-powered enhancements to Raiser's Edge NXT and Financial Edge NXT, including Blackbaud Copilot for natural language interactions.
2. Improved fundraising tools with optimized donation forms and tap-to-pay capabilities.
3. Enhanced financial management features, including automated invoice scanning and bill pay.
4. Expanded integrations and extensibility options through the Blackbaud Marketplace and new partner connections.
These innovations aim to help social impact organizations raise more funds, save time, and make data-driven decisions. Blackbaud plans to deliver 100% of core Financial Edge NXT capabilities in a unified view by Q1 2025.
The Blackbaud Institute has released a new report titled 'First Impressions: Spontaneous Giving Insights', revealing key trends in spontaneous giving. The study defines spontaneous donors as those making unplanned first-time donations within the last 12 months. Key findings include:
- Spontaneous giving is 25% higher among Millennial, Gen Z, and Black donors
- 72% of spontaneous gifts went to familiar organizations
- Gen Z primarily learns about giving opportunities through social media
- 75% of spontaneous donors prioritize trust, reputation, and ease of donation for repeat giving
- 44% of potential repeat donors want regular updates
The report aims to help nonprofits secure and retain spontaneous givers, particularly younger donors and donors of color.
Blackbaud (NASDAQ: BLKB) has released new Donation Forms for Blackbaud CRM™ and Blackbaud Altru® customers in the U.S. These forms, already available in Blackbaud Raiser's Edge NXT®, aim to help social impact organizations raise more funds, streamline donor experiences, and reduce processing costs. The forms integrate directly with Blackbaud's CRM solutions and payment processor, offering a unified experience.
Two types of forms are available: Optimized Donation Forms for quick, visually appealing campaigns, and Standard Donation Forms for targeted campaigns requiring additional data collection. Early users have reported increased donations and satisfaction with the forms' ease of use and customization options. The forms are now available at no extra cost to U.S. organizations using Blackbaud CRM and Altru with Blackbaud Merchant Services.
Blackbaud (NASDAQ: BLKB) and Microsoft (NASDAQ: MSFT) have announced plans to enhance their offerings for the nonprofit and education markets. Blackbaud will integrate Microsoft AI and analytics into its purpose-built software for social impact organizations. Key points include:
1. Integration of Microsoft Fabric™ to enable new capabilities like comprehensive productivity dashboards.
2. Leveraging Microsoft Azure OpenAI Service and Microsoft Fabric within Blackbaud solutions.
3. Blackbaud Financial Edge NXT® will soon use Microsoft Azure AI Document Intelligence for invoice and receipt scanning automation.
4. Microsoft is the presenting sponsor of bbcon 2024, Blackbaud's annual tech conference.
This collaboration aims to help social impact organizations accelerate their impact through innovative technology solutions.
EVERFI from Blackbaud is releasing new and updated K-12 digital resources for the 2024-25 school year. Key updates include:
- Enhanced EVERFI: Financial Literacy for High School program with expanded learning objectives and increased accessibility
- Updated Marketplaces: Investing Basics resource with new content on working with financial advisors
- Tax Simulation: Understanding Taxes now available as a standalone resource
- New Healthier Me: Intro to Wellness program aligned with National Health Education Standards
- Addition of a fifth lesson to 306: Black History – Continuing the Story focusing on nonviolent resistance
New platform features include a Financial Literacy Collection, program lock/unlock feature, and Google Single Sign-On integration.
Blackbaud (NASDAQ: BLKB) reported strong Q2 2024 results, with revenue growth of 6.0% year-over-year to $287.3 million. GAAP recurring revenue increased 7.2% to $281.4 million, representing 98% of total revenue. The company saw significant profitability improvements, with GAAP operating margin expanding 1,460 basis points to 14.7%. Non-GAAP adjusted EBITDA grew to $102.5 million, with margin increasing 290 basis points to 35.7%.
Notably, Blackbaud's board approved an expanded $800 million stock repurchase authorization. The company reiterated its full-year 2024 guidance, projecting revenue between $1.164-$1.194 billion and non-GAAP adjusted EBITDA margin of 32.5-33.5%.
Blackbaud (NASDAQ: BLKB) has announced the integration of Microsoft Azure OpenAI Service and Microsoft Power BI into its Blackbaud Impact Edge™ solution. This enhancement aims to improve performance, scalability, and reporting capabilities for corporate customers tracking their social impact initiatives. The integration includes:
1. Power BI Embedded for better data visualization and dashboard stability
2. Blackbaud Copilot, a generative-AI chatbot for content generation
3. Enhanced security features and AI capabilities
The availability of Blackbaud Impact Edge has begun with select customers, with general availability scheduled for Q4 2024. Future updates will include alignment with global standards like UN SDGs and Community Reinvestment Act.
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