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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) 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.
Blackbaud (NASDAQ: BLKB) will report its Q1 2021 financial results on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 8:00 a.m. ET to discuss the results. The live webcast can be accessed on the company's investor webpage. Blackbaud continues to support the social good community with software tailored for various sectors including nonprofits and education.
Blackbaud (NASDAQ: BLKB) announced updates to its YourCause® suite to enhance global social impact for companies. The integration with GlobalGiving Atlas provides access to the largest charity database, facilitating employee giving and volunteering. Key features include tools in 24 languages and expanded global reporting capabilities. With a focus on corporate social responsibility (CSR), the updates aim to boost employee engagement and investor confidence. Blackbaud’s technology is utilized by one-third of Fortune 500 companies to enhance their CSR initiatives.
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