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 pioneering leader in providing cloud software designed to power social good. This innovative company serves a diverse range of sectors, including nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents. Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has a global footprint with operations in the United States, Australia, Canada, and the United Kingdom.
Blackbaud's comprehensive portfolio includes solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. These tools are designed to enhance the impact and efficiency of organizations dedicated to social good. With over 40,000 customers spread across more than 100 countries, the company facilitates the donation of over $100 billion annually.
Recently, Blackbaud has achieved notable milestones. It continues its strategic partnership with the Association of Fundraising Professionals (AFP), sponsoring the AFP ICON conference and launching new AI capabilities for Blackbaud Raiser's Edge NXT®. Other recent news includes an unsolicited acquisition proposal from Clearlake Capital Group and the release of its first-quarter 2024 financial results, showcasing growth in revenue and profitability.
Blackbaud is also investing in technological advancements and partnerships. It recently invested $5 million in UBIQ Education to enhance digital experience ecosystems for K-12 schools. Moreover, Blackbaud's subsidiary, EVERFI, received certification for its Prescription Drug Safety program under the Every Student Succeeds Act (ESSA).
As a testament to its commitment to social impact, Blackbaud's 2023 Impact Report highlights significant progress in its environmental, social, and governance priorities. The company has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Learn more about Blackbaud's solutions and impact at www.blackbaud.com.
Blackbaud (NASDAQ: BLKB) has officially adopted a remote-first workforce approach following successful operations since the COVID-19 pandemic began. The company reports a 50% increase in job applications and 80% of hires are for remote positions in 2021, enhancing talent acquisition and diversity. Additionally, 40% of employees have progressed in their careers over the past year. The transition aims to reduce environmental impact while maintaining a focus on community involvement and employee well-being.
Blackbaud (NASDAQ: BLKB) has announced a multi-year, six-figure donation to Big Brothers Big Sisters to enhance equity and workforce diversity. This contribution supports the BIG Beyond Scholar Program in Charleston, targeting career and educational readiness for under-resourced youth. Over three years, Blackbaud will assist 25-30 students annually, providing mentorship and internship opportunities. The program aims to share successful strategies with similar organizations globally, reinforcing Blackbaud's commitment to social good and community investment.
Blackbaud (NASDAQ: BLKB), a leader in cloud software for social good, will announce its third quarter 2021 financial results on November 3, post-market closure. A conference call is scheduled for November 4 at 8:00 a.m. ET to discuss these results. Blackbaud serves a diverse social good community, offering a range of solutions, including fundraising and CRM, tailored to various sectors. This upcoming financial report is crucial for investors monitoring the company’s performance amidst ongoing market dynamics.
Blackbaud (NASDAQ: BLKB) successfully held its annual bbcon 2021 Virtual conference, attracting nearly 25,000 registrants. The event highlighted innovations that enhance customer efficiency, including updates to Blackbaud Grantmaking, accounts receivable, and a new Payment Terminal. Notable speakers like Laura Dern and LeVar Burton shared insights on social good and resilience. The company also launched Giving Checkout in the U.S., covering transaction costs for nonprofits. With Blackbaud's commitment to customer support, they unveiled free eLearning resources during the pandemic.
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.
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