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CHARLESTON, S.C. - Blackbaud (NASDAQ: BLKB), a prominent provider of social impact software with annual revenue of $1.15 billion and EBITDA of $270 million, is presenting a series of product enhancements during its semi-annual Product Update Briefings, which started today. According to InvestingPro data, while the company’s stock has declined 21% over the past year, analysts expect net income growth in the coming year. The virtual event is set to showcase the latest developments in the company’s suite of solutions and its Intelligence for Good® AI strategy. InvestingPro subscribers can access additional insights through exclusive ProTips, including detailed analysis of the company’s aggressive share buyback program and growth prospects.
Sudip Datta, Blackbaud’s chief product officer, stated that the updates build on the innovation introduced at last year’s bbcon user conference. The company aims to enable organizations to accelerate their mission-driven work through connected experiences powered by artificial intelligence (AI).
One of the key highlights is Blackbaud Raiser’s Edge NXT®, which will soon feature Blackbaud Copilot, an AI agent designed to automate tasks and provide insights for fundraisers. An integration with Constant Contact is also expected to launch mid-2025, enhancing digital marketing capabilities within the platform.
Blackbaud Enterprise Fundraising CRM™ is set to improve workflows through Blackbaud’s SKY UX framework, while Blackbaud Altru® will benefit from an automatic Credit Card Updater for better payment reporting.
In data intelligence, Blackbaud is improving identity resolution in predictive modeling through a collaboration with LiveRamp, which is showing significant match rate results. Enhanced modeling and segmentation capabilities for Prospect Insights Pro are also being introduced.
For finance and grantmaking, Blackbaud Financial Edge NXT® is introducing Payment Assistant, an automated solution with a new Tiered Approvals feature. Blackbaud Grantmaking™ is streamlining the grant application process and will soon integrate with Financial Edge NXT for better financial tracking.
In online giving and payments, Blackbaud Luminate Online™ and Blackbaud TeamRaiser® are offering new features to empower donors to cover transaction costs and generate AI-enhanced content. Blackbaud’s Optimized Donation Forms are now available in multiple countries, and Tap-to-Pay on iPhone has been introduced for U.S. dollar transactions.
Corporate impact initiatives are being bolstered with YourCause® from Blackbaud®, which includes Expedited Giving for faster delivery of donations and an integration with Blackbaud’s fundraising solutions. Blackbaud Impact Edge™ is now generally available with built-in AI assistance.
In education, Blackbaud Education Management is previewing its Common Records Engine, and Blackbaud Award Management is showcasing a new Award Cycle Manager Dashboard.
The information for this article is based on a press release statement. Blackbaud, listed on the NASDAQ, is recognized for its commitment to social responsibility and has been named among America’s Most Responsible Companies.
In other recent news, Blackbaud has reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.96 compared to the forecasted $0.89. The company’s revenue reached $271 million, slightly above the anticipated $268.1 million, reflecting a 5.8% organic growth. The company’s CEO, Mike Gianoni, attributed this success to strong customer retention and the launch of new AI-powered products. In leadership changes, Blackbaud has appointed Chad Anderson as the new chief financial officer, succeeding Tony Boor, who will transition to executive vice president of corporate development and strategy. This strategic realignment aims to enhance the company’s financial management as it continues to focus on innovation and strategic planning. Additionally, Blackbaud has set its full-year revenue guidance between $1.1 billion and $1.125 billion, with projected non-GAAP EPS ranging from $4.16 to $4.35. The company maintains a high customer retention rate and continues to expand its AI capabilities, positioning itself well in the competitive market. Despite these positive developments, Blackbaud’s stock experienced a minor decline in premarket trading, which may reflect broader market trends.
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