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Blackbaud Inc.  (BLKB)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Blackbaud Inc's

Competitiveness


 

BLKB Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Blackbaud Inc reported Total Revenue increase in the 2 quarter 2022 by 15.47 % year on year.
The sales growth was above Blackbaud Inc's competitors average revenue growth of 8.98 %, recorded in the same quarter.

List of BLKB Competitors





Revenue Growth Comparisons




Net Income Comparison


Blackbaud Inc. recorded net loss and most of company's competitors saw decline in earnings by -38.7 %

<<  More on BLKB Income Comparisons


Blackbaud Inc's Comment on Competitors and Industry Peers


The market for software and related services in the nonprofit sector is competitive and highly fragmented. For certain areas of the market, entry barriers are low, as general tools for small businesses can usually be configured to manage the most basic marketing, contact management, and accounting needs of nonprofits. However, once basic needs are met, programs unique to nonprofits like fundraising, gift and grant management, and peer-to-peer activism require highly specialized tools that are more complex to build or customize out of general business software. Moreover, because nonprofits rely heavily on relationships with and among their supporters, integration of these systems drives value beyond mere efficiency. Hence, we believe our experience, the full spectrum of our current solutions and our ability to deliver on future solutions makes us a strong competitor. We expect to continue to see new competitors as the market matures and nonprofit organizations rely more heavily on technology to manage emerging revenue channels and increasingly complex operations.

 

Our competition falls into four primary categories: (1) niche products that are tailored to specialized needs; (2) vertical-specific solutions; (3) general business software that can be configured to manage some nonprofit-specific processes; and (4) consumer-oriented fundraising platforms.


Niche products are usually developed as a solution for a single problem at an organization and are adopted by similar organizations to solve a specialized need. These are typically offered by vendors who may have deep industry expertise but may not have the resources to expand beyond a specialized area. We believe we compete against these solutions by offering a set of integrated solutions rather than a single point solution, which we believe improves the overall customer experience. In addition, our open platform allows integration to specialized applications so the opportunity for disruption from these competitors is minimized.


Vertical-specific solutions are offered by competitors seeking to meet the enterprise-wide needs of a specific sub-segment of nonprofits. Typically, these solutions are offered by vendors who may offer either a point solution or integrated suite of products used by a vertical. We believe we compete successfully against these competitors through a combination of our integrated suite of offerings within verticals where we compete, offering solutions with market leading robustness as well as the scale, reach, and reputation of our organization.


General business software vendors such as Salesforce.com and Oracle, compete with us in certain areas of our business. However, they generally do not have nonprofit specific focus and, therefore, do not offer or intend to offer nonprofit-specific versions. As these products are also not easily customized, the adoption of general business software is limited to nonprofits with very basic operations and simple needs. We believe our solutions compete successfully against general business software as a nonprofit’s needs grow more complex. There is a subset of general business software competitors who have introduced nonprofit-specific versions of their products. We believe that because these products were not originally designed to support the specific needs of nonprofits, they are not yet capable of meeting market needs without significant customization. As a result, we believe we are able to compete successfully to meet nonprofit-specific requirements, often integrating with general business platforms used for their more generalized operations.


Consumer-oriented fundraising platforms such as GoFundMe and Virgin Money Giving compete with our business where consumers raise funds directly. To drive adoption of their platforms, these vendors rely on a combination of direct-to-consumer marketing, marketing to nonprofits who in turn market to their supporters, and marketing to intermediate entities such as an event sponsor who will market to participants. We believe we compete well in this market through a combination of positive brand recognition among all three of these groups and the strength of our consumer-oriented tools relative to those of the competition.
Less frequently, we compete with providers of traditional, non-automated fundraising service providers, including parties providing services in support of traditional direct mail or email campaigns, special events fundraising, peer to peer, telemarketing and personal solicitations. We believe we compete successfully against these traditional fundraising service providers, primarily because our solutions and services are more automated, more robust, more tailored to the needs of nonprofit organization and more efficient.





  

Overall company Market Share Q2 2022

Overall company sales advanced by 15.47 % Blackbaud Inc outperformed its competitors in this segment and improved market share, to approx. 0.11 %.
<<  More on BLKB Market Share.
 
*Market share is calculated based on total revenue.


BLKB's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Blackbaud Inc. BLKB 2,276.17 1,001.00 -15.00 3,182
Accenture Plc ACN 164,931 59,589.93 6,734.00 510,500
Adtran Holdings Inc. ADTN 975 618.80 -13.60 2,060
Alpine 4 Holdings Inc. ALPP 102 79.70 -12.30 0
Amazon.com Inc. AMZN 1,149,775 485,902.00 11,607.00 1,298,000
Asana Inc. ASAN 3,792 378.44 -288.34 0
Ceridian Hcm Holding Inc. CDAY 8,427 1,024.20 -75.40 7,462
Salesforce Inc. CRM 143,984 24,080.00 3,164.00 49,000
Sprinklr Inc. CXM 2,386 669.31 -189.92 3,245
Dropbox Inc. DBX 7,577 2,250.80 341.90 2,667
Egain Corporation EGAN 224 91.95 -2.44 479
Endurance International Group Holdings Inc EIGI 1,397 1,101.81 18.58 3,664
Freshworks Inc. FRSH 3,693 549.29 -311.97 0
Gitlab Inc. GTLB 7,570 441.10 -245.67 1,630
Hubspot Inc. HUBS 12,916 1,525.86 -95.81 2,081
International Business Machines Corporation IBM 108,200 64,050.00 5,588.00 381,100
Liveperson Inc. LPSN 728 504.89 -96.06 981
Mcx Technologies Corporation MCCX 2 0.54 -0.56 4
Model N Inc. MODN 1,264 212.48 -26.59 864
Microsoft Corporation MSFT 1,755,511 198,270.00 72,738.00 163,000
Microstrategy Incorporated MSTR 2,399 503.86 -1,319.16 2,216
Servicenow Inc. NOW 76,662 6,601.00 184.00 12,197
Oracle Corporation ORCL 167,759 84,529.00 5,808.00 135,000
Paylocity Holding Corporation PCTY 13,621 852.65 90.78 2,115
Progress Software Corp PRGS 1,883 581.21 95.47 1,470
Paycor Hcm Inc. PYCR 5,125 429.39 -108.02 0
Qad Inc QADB 1,785 330.35 -20.09 0
Sap Se SAP 107,380 31,183.04 6,021.12 107,415
Atlassian Corporation plc TEAM 53,345 2,802.88 -614.12 6,433
Upland Software Inc. UPLD 255 310.73 -57.71 375
SUBTOTAL 3,805,945.39 970,466.36 108,898.38 2,697,140
       
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