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Blackbaud Announces Date of Second Quarter 2025 Financial Results
Prnewswire· 2025-07-15 13:00
CHARLESTON, S.C., July 15, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its second quarter 2025 financial results on Wednesday, July 30, 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 to discuss the company's financial results. Event: Blackbaud's Second Quarter 2025 Financial Results Conference Call Date: Wednesday, July 30, 2025 Time: 8 ...
Blackbaud & Constant Contact Unveil Integration to Boost Fundraising
ZACKS· 2025-07-09 14:50
Core Insights - Blackbaud, Inc. (BLKB) and Constant Contact have launched an integration aimed at enhancing digital engagement in the social impact sector by embedding Constant Contact's AI-driven marketing tools into Blackbaud's Raiser's Edge NXT [1][9] Group 1: Integration Benefits - The integration allows social impact organizations to engage supporters through a unified interface, utilizing email, SMS, social media, and other digital marketing channels directly within Raiser's Edge NXT [2] - Users of Raiser's Edge NXT will benefit from improved supporter engagement through customized campaigns, with Constant Contact's AI tools facilitating rapid campaign creation, including content suggestions and scheduling [3] - The integration eliminates manual data transfers, enhancing automation, preference management, and data synchronization, thereby streamlining operations [3][6] Group 2: Product Rollout and Future Plans - The integration is being rolled out in phases, starting this month with select Raiser's Edge NXT customers, with general availability expected by early August [5] - Blackbaud plans to expand its product portfolio and accelerate product launches, focusing on cloud software solutions and advanced technologies, with investments anticipated in 2025 [7] Group 3: Market Position and Performance - Blackbaud currently holds a Zacks Rank of 3 (Hold), with its shares declining by 12% over the past year, contrasting with a 13.2% growth in the Computer – Software industry [8]
Blackbaud and Constant Contact Release Strategic Integration to Enhance Digital Engagement for Social Impact Organizations
Prnewswire· 2025-07-08 13:00
Core Viewpoint - The strategic integration between Blackbaud Raiser's Edge NXT and Constant Contact aims to enhance digital engagement for social impact organizations by combining advanced fundraising capabilities with AI-driven digital marketing tools [1][2][3]. Group 1: Integration Details - The integration will embed Constant Contact's AI-driven digital marketing platform within Blackbaud Raiser's Edge NXT, allowing users to effectively engage supporters through email, SMS, social media, and other digital marketing functions [2][5]. - This collaboration is expected to provide a holistic view of donor behavior, enabling AI-powered personalization and tailored messaging to constituents at scale [3][5]. Group 2: Benefits for Customers - Enhanced Supporter Engagement: Users can create personalized journeys for supporters using dynamic outreach campaigns tailored to individual interests, leveraging the data within Raiser's Edge NXT [7]. - Accelerated Campaign Creation: Constant Contact's platform allows for quick creation of marketing campaigns, including recommended content and communication schedules, significantly reducing the time needed to launch multi-channel campaigns [7]. - Streamlined Operations: The integration simplifies data management by eliminating manual transfers, allowing for easier automation and personalization based on supporter interactions [7]. Group 3: Rollout Information - A phased rollout of the integration will begin in July 2025 for a limited number of customers, with general availability expected in early August 2025 [6].
New York Times Bestselling Author and Leading Organizational Psychologist Adam Grant to Headline bbcon 2025 Tech Conference
Prnewswire· 2025-06-24 13:30
Group 1 - Blackbaud will host its annual tech conference, bbcon 2025, from October 6-8 in Philadelphia, featuring keynote speaker Adam Grant [1][2] - The conference aims to bring together thousands of Blackbaud users and those interested in leveraging Blackbaud's software for social impact, offering over 100 sessions led by industry experts [3] - Blackbaud is recognized as a leading software provider dedicated to social impact, serving various sectors including nonprofits and education, with over $100 billion raised or managed annually through its platforms [5] Group 2 - Adam Grant is a prominent organizational psychologist and bestselling author, known for his insights on leadership and motivation, and has a significant following on social media [2] - The conference will provide opportunities for attendees to enhance their skills, network within the Blackbaud community, and learn about upcoming innovations from Blackbaud leaders [3] - Blackbaud operates as a remote-first company with a global presence, supporting users in over 100 countries [5]
Blackbaud's 13th Annual YourCause CSR Industry Review Shows Stable Employee Giving and Volunteering Trends in 2024
Prnewswire· 2025-06-11 13:30
Core Insights - Blackbaud released its 13th annual YourCause CSR Industry Review, analyzing corporate social responsibility (CSR) program data and employee philanthropic behavior from over 300 companies with more than 7 million global employees [1][2] Employee Engagement and Philanthropy Trends - In 2024, employee engagement in volunteering and giving programs remained stable, with average annual employee donations at $744 and average total company matches at $730 [6] - The average annual volunteer hours per volunteer was 13 hours, with companies having less than 1,000 employees showing a 63.8% volunteer engagement rate [6] - Payroll giving had the highest engagement rate, despite offline giving contributing more dollars [6] Corporate Grant Trends - There was a notable increase in corporate grants in 2024, with the average amount per grant rising by approximately 13% and the median sum of grants per client increasing by around 38% compared to the previous year [6] Combined Programs Impact - Companies offering both giving and volunteer programs experienced higher engagement rates than those offering only one type of program, highlighting the effectiveness of combined initiatives [6]
Blackbaud Equips Nonprofits with Cutting-Edge AI Skills and Unveils Vision for Agentic AI at bbdevdays Developer's Conference
Prnewswire· 2025-06-04 15:30
Core Insights - Blackbaud has launched its annual virtual conference, bbdevdays, focusing on AI strategies and innovations for social impact organizations [1][2] - The conference aims to enhance the skills of developers and promote community engagement within the social impact tech sector [2][4] AI Strategy and Innovations - Blackbaud introduced its Intelligence for Good® AI strategy, highlighting predictive AI that identifies billions of dollars in untapped giving potential and generative AI for improved communication with supporters [2][3] - Upcoming innovations include Blackbaud Copilot, an AI-powered assistant that allows users to interact with data using natural language [2][3] Developer Engagement and Ecosystem - The conference emphasizes the flexibility of Blackbaud's ecosystem, enabling developers to utilize robust APIs and partner integrations, making it accessible even for non-developers [4] - bbdevdays has evolved from a niche gathering to a major virtual event, reflecting the growing interest and participation in the developer community [4] Conference Highlights - Keynote speakers include industry leaders and experts, providing insights on innovation and entrepreneurship [5][6] - The event features mainstage presentations, track sessions, and interactive networking opportunities through Braindates, fostering collaboration among attendees [6][7] Company Overview - Blackbaud is a leading software provider dedicated to social impact, serving various sectors including nonprofits and education, with over $100 billion raised or managed annually [9] - The company has been recognized for its commitment to social responsibility and remote work culture, operating in over 100 countries [9]
Blackbaud (BLKB) Up 0.7% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-30 16:37
Core Viewpoint - Blackbaud's shares have increased by approximately 0.7% since the last earnings report, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1]. Estimates Movement - Estimates for Blackbaud have remained flat over the past month, indicating no significant changes in analyst expectations [2]. VGM Scores - Blackbaud currently holds a strong Growth Score of A, but has a low Momentum Score of D and a Value Score of D, placing it in the bottom 40% for the value investment strategy. The overall aggregate VGM Score for the stock is B, which is relevant for investors not focused on a single strategy [3]. Outlook - Blackbaud has a Zacks Rank of 1 (Strong Buy), suggesting an expectation of above-average returns from the stock in the upcoming months [4].
Blackbaud's 2024 Impact Report Highlights Continued Commitment to Corporate Social Responsibility
Prnewswire· 2025-05-29 13:30
Core Insights - Blackbaud released its 2024 Impact Report, highlighting advancements in environmental, social, and governance (ESG) priorities over the past year [1][2] People & Culture - The company emphasizes employee engagement, development, well-being, and inclusion, with over 70% of employees volunteering in 2024 compared to a global median of 23% [6] - Blackbaud provided 18,000 courses through LinkedIn Learning to enhance talent development [6] - 87% of employees feel their work is important [6] Social Impact - Blackbaud's software supports individuals and organizations in driving social change, processing over 20 million donations through its JustGiving® platform in 2024 [3][6] - The company raised, granted, or managed over $100 billion annually through its platforms [6] Environmental Sustainability - Blackbaud achieved 100% carbon neutrality for 2024 emissions and a 92% reduction in global greenhouse gas emissions since 2019 [6] - The company reduced energy consumption by 25% and water usage by 21% at its global headquarters since 2019 [6] - Blackbaud's headquarters received the U.S. EPA's ENERGY STAR® certification for superior energy performance [6] Governance & Data Responsibility - Customer trust is a top priority, with the establishment of councils focused on employee inclusion, sustainability, generative AI, and deepfake oversight [5][6] - Blackbaud's Chief Data & AI Officer was recognized as one of DataIQ's 100 Most Influential People in Data in 2024 [6] Innovation & Technology - The company unveiled six waves of innovation in 2024 aimed at empowering nonprofits, schools, and corporate social impact teams [6] - Blackbaud is migrating its technology to public cloud environments and enhancing security measures against cyber threats [10]
New Report from the Blackbaud Institute Shows Clear Link Between Social Impact Organizations' Tech Use and Fundraising Revenue Growth
Prnewswire· 2025-05-28 14:30
Core Insights - The report by the Blackbaud Institute highlights how technology-savvy organizations are gaining a competitive edge in fundraising through effective integration of AI and technology [1][2][3] Group 1: Technology Integration and Revenue Growth - Organizations with higher levels of technology integration are more likely to report revenue growth and less likely to report revenue decline compared to those with limited tech use [7] - 72% of nonprofit respondents met or exceeded their fundraising targets over the past year, indicating a positive trend in fundraising performance [2] Group 2: AI Adoption in Nonprofits - 82% of nonprofits are utilizing AI tools, primarily free generative platforms for content creation, with some also leveraging AI for prospecting and A/B testing [7] - There is a belief among the majority of organizations that AI will become pervasive in the sector, enhancing efficiency [7] Group 3: Need for AI Policies and Training - Only 14% of nonprofits currently have an AI policy in place, indicating a significant gap in sector-wide AI guidance [7] - 60% of fundraisers believe that better training would enhance technology use, while 56% call for improved system integration [7] Group 4: Resource Allocation and Revenue Growth - Among organizations that experienced revenue growth, 44% attributed this success to adequate resourcing, while 51% of those with revenue declines cited insufficient resources as the primary reason [7]
Top Big Data Stocks to Bet on to Ride the Analytics Revolution
ZACKS· 2025-05-23 14:31
Industry Overview - Big Data is transforming the finance world, enabling quicker and more informed decision-making through AI and advanced machine learning algorithms [1] - The global Big Data market is projected to reach $401.2 billion by 2028, indicating significant growth potential across various industries including healthcare, finance, retail, and manufacturing [3] Technological Advancements - Banks and financial institutions are leveraging Big Data and AI for targeted marketing strategies and real-time fraud detection [2] - NVIDIA is at the forefront of AI development with its Blackwell technology, enhancing the efficiency of AI model training and simulations [5] - Moody's Corporation has shifted from traditional ratings to risk analytics, expanding its services through acquisitions and new capabilities [6] Company Innovations - Blackbaud has integrated AI and predictive analytics into its solutions to assist clients in understanding donor behavior and optimizing fundraising strategies [8] - Confluent Inc. has developed a platform utilizing technologies like Apache Kafka to enable real-time data streaming, enhancing customer satisfaction and sales [12][13] - CME Group Inc. has effectively managed high trading volumes and market risks using Big Data and AI, processing over 13 billion messages in a volatile week [15][16] Market Positioning - Blackbaud is emerging as a leader in social impact by utilizing AI to enhance business operations and client services, holding a Zacks Rank 1 (Strong Buy) [11] - Confluent holds a Zacks Rank 2 (Buy), offering flexible services that cater to various business needs regarding data management [13][14] - CME Group's investments in technology have positioned it as a leader in the financial exchange sector, demonstrating resilience during market volatility [17]