From exciting product announcements to moving mainstage messages and insightful breakout sessions, attendees are energized and equipped with knowledge to take back to their teams CHARLESTON, S.C., Sept. 27, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, gathered thousands of social impact professionals this week in person and virtually for bbcon 2024, its annual technology conference that took place in Seattle, Washington. "As we conclude another ...

Product Updates Build Connection Between Solutions and Teams While Delivering Contextual Intelligence—All to Help Social Impact Organizations Raise More, Save More and Work Smarter CHARLESTON, S.C., Sept. 24, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today kicked off its annual technology conference, bbcon, announcing a wide range of innovation shaping the future of social impact technology. "Our 40-plus years of expertise in this space and u ...

Blackbaud, Inc. (BLKB) recently introduced Blackbaud Donation Forms for U.S. customers using Blackbaud CRM and Blackbaud Altru platforms. With the availability of both Optimized Donation Forms and Standard Donation Forms, Blackbaud aims to help organizations raise more funds, streamline administrative tasks and improve the donor experience. By integrating seamlessly with the CRM, Altru, Blackbaud Raiser's Edge NXT and Blackbaud Merchant Services, the forms offer a secure, streamlined donation process for bo ...

"First Impressions: Spontaneous Giving Insights" Reveals the Secrets to Securing and Retaining Spontaneous Givers, Particularly Younger Donors and Donors of Color CHARLESTON, S.C., Sept. 19, 2024 /PRNewswire/ -- The Blackbaud Institute, the sector research lab at Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today released a new report First Impressions: Spontaneous Giving Insights. The latest free-to-access Blackbaud Institute report outlines who's giving spontaneou ...

Core Insights - Blackbaud, Inc. has partnered with Microsoft to integrate AI and analytics into its software, aimed at enhancing operational efficiency for social impact organizations [1] - The collaboration will improve Blackbaud's donor management solutions and financial management tools, providing better data clarity and automation [2][3] - Blackbaud's recent AI innovations are expected to drive revenue growth by optimizing fundraising strategies, with the social sector contributing 88% of total revenues [8] Group 1: Product Innovations - Blackbaud's donor management solutions, including Blackbaud CRM and Raiser's Edge NXT, will utilize a comprehensive fundraising data model to enhance donor engagement and overall funds raised [2] - The integration of Microsoft Azure AI Document Intelligence will automate invoice and receipt scanning within Blackbaud Financial Edge NXT, streamlining the payables process [3] - The introduction of AI-powered features in Blackbaud Grantmaking simplifies the grantmaking process, including a dynamic form builder that supports over 25 languages [5] Group 2: Market Position and Performance - Blackbaud's software is designed to support various social impact areas, including fundraising, financial management, and education management [7] - The company reported an 8.5% year-over-year revenue growth in the second quarter, with the social sector being the primary revenue source [8] - Blackbaud's stock has gained 15% over the past year, compared to a 29.2% growth in its sub-industry [9]

Blackbaud CRM and Altru Customers Can Now Leverage Donation Forms that Natively Integrate with Blackbaud's Payment Processor and CRM Solutions to Give a Completely Connected Experience CHARLESTON, S.C., Sept. 18, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the general availability of Blackbaud Donation Forms for U.S. Blackbaud CRM™ and Blackbaud Altru® customers, including both Optimized Donation Forms and Standard Donation Form ...

Upcoming Product Innovations Will Enable Nonprofits to Leverage Innovative Blackbaud and Microsoft Technology to Achieve Greater Impact, Gain In-Depth Insights and Increase Efficiency CHARLESTON, S.C. and REDMOND, Wash., Sept. 17, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB) and Microsoft (NASDAQ: MSFT) today announced plans to enhance the value provided to the nonprofit and education markets. Blackbaud customers will soon benefit from deeper integration of Microsoft AI and analytics into software that is ...

Core Viewpoint - Blackbaud's recent earnings report shows positive growth in earnings and revenues, although some metrics fell short of consensus estimates, leading to a mixed outlook for the company moving forward [2][3][12]. Financial Performance - Blackbaud reported Q2 2024 non-GAAP EPS of $1.08, exceeding the Zacks Consensus Estimate by 3.9% and reflecting a 10.2% year-over-year increase [2]. - Total revenues for the quarter reached $287.3 million, a 6% increase year-over-year, but missed the Zacks Consensus Estimate by 0.5% [2]. - Recurring revenues, which contributed 98% of total revenues, amounted to $281.4 million, up 7.2% year-over-year [3]. Margin Analysis - Non-GAAP gross margin improved to 62.9% from 61.6% a year ago [4]. - Total operating expenses decreased by 19.3% year-over-year to $120.5 million [4]. - Non-GAAP operating margin increased by 260 basis points to 30% [4]. Balance Sheet & Cash Flow - As of June 30, 2024, Blackbaud had total cash and equivalents of $831.1 million, up from $382.9 million as of March 31, 2024 [5]. - Total debt decreased to $1.0219 billion from $1.0398 billion over the same period [5]. - Non-GAAP adjusted free cash flow was $36.4 million, down from $43.6 million in the prior-year quarter [6]. Share Repurchase and Capital Allocation - Blackbaud repurchased approximately 3 million shares in the first half of 2024, representing 5.5% of the common stock outstanding at the end of 2023 [6]. - The board approved an $800 million stock repurchase authorization, aiming to buy back up to 10% of common stock outstanding in 2024 [6]. Future Outlook - Blackbaud reiterated its 2024 financial guidance, including a significant one-time expense for cybersecurity initiatives [7]. - The company expects non-GAAP revenues between $1.164 billion and $1.194 billion, with non-GAAP EPS anticipated to be between $4.12 and $4.38 [8]. - Interest expense is now expected to be between $52 million and $56 million, and capital expenditures are projected to be in the range of $65 million to $75 million [9]. Estimate Trends - Estimates for Blackbaud have trended downward over the past month, indicating a potential shift in market sentiment [10][12]. - The company currently holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the near term [12].

Highlights include updated financial education courses, a new health and wellness course, and new platform features for educators CHARLESTON, S.C., Aug. 7, 2024 /PRNewswire/ -- EVERFI® from Blackbaud®, the leader in powering social impact through education, is releasing new and updated K-12 digital resources to its learning platform, just in time for the new school year. Updates include covering important topics like developing smart money habits, the potential benefits of working with a financial advisor, ...

Blackbaud (BLKB) reported $287.29 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 6%. EPS of $1.08 for the same period compares to $0.98 a year ago. The reported revenue represents a surprise of -0.51% over the Zacks Consensus Estimate of $288.75 million. With the consensus EPS estimate being $1.04, the EPS surprise was +3.85%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...