Blackbaud (BLKB) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.41%. A quarter ago, it was expected that this software and services provider in the nonprofit sector would post earnings of $1.04 per share when it actually produced earnings of $1.14, delivering a surprise of 9.62%.Ov ...

(1) Non-GAAP revenue from divested businesses excludes revenue associated with divested businesses. The exclusion of the prior period revenue is to present the results of the divested business with the results of the combined company for the same period of time in both the prior and current periods. (2) Non-GAAP organic revenue and non-GAAP organic recurring revenue for the prior year periods presented herein may not agree to non-GAAP organic revenue and non-GAAP organic recurring revenue presented in the r ...

Company Shows Continued Strong Progress on Five-Point Operating Plan; Blackbaud Repurchases Approximately 5.5% of Outstanding Common Stock in the First Quarter CHARLESTON, S.C., April 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2024. "We continue to execute our strategic initiatives to drive long-term profitable growth," said Mike Gianoni, president, CEO and vice chairm ...

Software stocks’ quarterly performances are expected to have significantly benefited from an uptick in the demand for software-based services and products, owing to the increasing adoption of the hybrid work model.The growing proliferation of Software-as-a-Service or SaaS-based services, the rapid migration to cloud platforms, the solid adoption of video-conferencing software, and rising user penetration of online or digital payment solutions are likely to have been major tailwinds for software companies in ...

More than 1,700 Nonprofits Will Benefit from the Funds Raised CHARLESTON, S.C., April 23, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, is proud to announce a record-breaking year for London Marathon fundraising on its online giving platform JustGiving®, with more than £41 million ($50 million) raised so far—14% more than last year. On Sunday, April 21, more than 18,000 fundraisers on JustGiving took part in the occasion, which is known as the wo ...

SAP SE (SAP) delivered first-quarter 2024 non-IFRS earnings per share (EPS) of €0.81, which increased 8% year over year.Driven by strength in the cloud business, SAP reported total revenues on a non-IFRS basis of €8.041 billion, which increased 8% year over year (up 9% at constant currency or cc). The company expects Business AI, cross-selling across cloud portfolio and new customers wins, especially in the midmarket, to drive top-line expansion.Following the announcement, shares of SAP are up 3.9% in the p ...

Blackbaud (BLKB) recently improved its flagship fundraising and donor management software, Raiser's Edge NXT, with an array of upgraded functionalities.Blackbaud Raiser's Edge NXT is the nonprofit CRM platform engineered for fundraisers. It facilitates the fundraising process by providing flexible donation forms, multiple payment options and arranging an adequate number of programs targeting prospective donors.The newly enhanced fundraising software encompasses advanced capabilities, some of which were show ...

End-to-End Updates in the Market-Leading Fundraising Software Include New Fundraising AI Tools and a Reimagined User Experience CHARLESTON, S.C., April 18, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced a major wave of all-new innovation and powerful enhancements coming to its industry-leading fundraising software, Blackbaud Raiser's Edge NXT®. "Fundraisers rely on Raiser's Edge NXT to raise money, save time, and deliver remarkable ...

CHARLESTON, S.C. , April 16, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its first quarter 2024 financial results on Tuesday, April 30, after the U.S. financial markets close for trading. In conjunction with this announcement, Blackbaud will host a conference call on Wednesday, May 1, at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's First Quarter 2024 Financial Results Conference Call Date: Wedn ...

Blackbaud (BLKB) announced that it received an unsolicited, non-binding proposal from a current stockholder of the company — Clearlake Capital Group, L.P. The offer was made to acquire all the outstanding shares of the company for $80 per share in cash.Clearlake Capital is a private equity firm which had initially invested in Blackbaud in 2020. It now holds an 18.3% ownership position in the business. Last year, Clearlake Capital made an all-cash offer to acquire Blackbaud for $71 per share. However, Blackb ...