Core Viewpoint - Jamf announced its financial results for the fourth quarter and full year ended December 31, 2024, highlighting its position as a leader in managing and securing Apple devices in the workplace [1]. Financial Results - The earnings release is available on Jamf's Investor Relations website and will be furnished to the SEC on Form 8-K [1]. Conference Call - Jamf will host a conference call and live webcast for analysts and investors on February 27, 2025, at 3:30 p.m. Central Time [2]. - The conference call will be accessible via Jamf's Investor Relations website, with financial tables and presentations available for participants [3]. Replay Availability - A replay of the conference call will be available on the Investor Relations website starting February 27, 2025, at approximately 6:00 p.m. Central Time [4]. Disclosure Practices - Jamf utilizes its Investor Relations website for disclosing material non-public information and complying with Regulation FD [5]. Company Overview - Jamf aims to simplify work by providing a complete management and security solution for Apple environments, ensuring enterprise security while maintaining user simplicity and privacy [6].

Core Insights - Wall Street analysts forecast Jamf Holding (JAMF) will report quarterly earnings of $0.15 per share, reflecting a year-over-year increase of 15.4% [1] - Anticipated revenues are projected to be $162.43 million, showing a 7.8% increase compared to the same quarter last year [1] Earnings Projections - Over the last 30 days, there has been a 3.1% upward revision in the consensus EPS estimate for the quarter, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings projections are crucial for predicting investor reactions to the stock [3] Revenue Estimates - Analysts predict 'Revenue- Subscription revenue- SaaS subscription and support and maintenance' will reach $153.80 million, indicating a year-over-year change of +9.6% [5] - 'Revenue- Subscription revenue- On-premise subscription' is forecasted to be $5.57 million, suggesting a year-over-year decline of -12.4% [5] - The average prediction for 'Revenue- Non-subscription revenue- Professional services' is $3.05 million, reflecting an -18.3% change from the prior-year quarter [6] - The collective assessment indicates 'Revenue- Subscription revenue' should arrive at $159.37 million, with a year-over-year change of +8.7% [6] Annual Recurring Revenue - Analysts estimate 'Annual Recurring Revenue (ARR)' will likely reach $653.59 million, compared to $588.60 million from the previous year [7] Stock Performance - Over the past month, shares of Jamf Holding have returned -2%, while the Zacks S&P 500 composite has changed by -1.8% [8] - Currently, JAMF holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [8]

Core Insights - Jamf has been recognized as a Representative Vendor in the 2025 Gartner® Market Guide for Endpoint Management Tools, highlighting its position in the Apple device management market [1][2][3] Company Overview - Jamf specializes in managing and securing Apple devices in the workplace, providing a complete management and security solution tailored for an Apple-first environment [5] - The company emphasizes its unique expertise in Apple device management, which differentiates it from traditional Unified Endpoint Management (UEM) tools [2][5] Market Context - The Gartner report indicates that while Unified Endpoint Management tools are essential for managing employee device fleets, there are frequent reports of feature gaps and challenges with nonstandard devices [2][3] - Jamf addresses these gaps by offering specialized solutions that enhance security and management for Apple devices, which are often overlooked by general-purpose UEM vendors [2][6] Product Features - Jamf provides seamless support for various Apple operating systems, ensuring same-day compatibility with Apple updates, which is not guaranteed by platform-agnostic UEM vendors [6] - The company offers advanced security capabilities designed to complement Apple's built-in security features, including endpoint protection and compliance enforcement [6] - Jamf's patching and update capabilities for Apple devices are superior to those of general-purpose UEMs, allowing for immediate security updates [6] - The platform includes automated Mac provisioning and compliance monitoring, simplifying IT management tasks [6] - Integrations with major security tools like Microsoft Entra ID, Intune, and Okta ensure that Apple devices can be effectively incorporated into enterprise security frameworks [6]

Core Viewpoint - Jamf will report its fourth quarter and fiscal year 2024 financial results on February 27, 2025, after market close, followed by a conference call to discuss the results [1]. Group 1: Financial Reporting - The financial results will cover the period ended December 31, 2024 [1]. - A conference call and webcast will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day [2]. - A replay of the call will be available on the Investor Relations website starting at approximately 6:00 p.m. CT (7:00 p.m. ET) on February 27, 2025 [3]. Group 2: Company Overview - Jamf specializes in managing and securing Apple devices in the workplace, aiming to simplify work for organizations [4]. - The company offers a complete management and security solution tailored for Apple-first environments, ensuring enterprise security while maintaining user simplicity and personal privacy [4].

Core Insights - Jamf has achieved StateRAMP Authorized status for its Jamf Pro and Jamf School products, demonstrating its commitment to high compliance standards for organizations [1][3][4] - StateRAMP is a cloud security assessment program tailored for educational institutions and government entities, ensuring compliance with specific technology requirements [2] - The Authorized status indicates that Jamf Pro and Jamf School meet all security controls required by the StateRAMP framework and have undergone third-party assessment [3] Company Commitment - The achievement of StateRAMP Authorized status is viewed as a significant accomplishment by Jamf, reinforcing its role in helping high compliance customers meet industry regulations [4] - Jamf's customers in state, local, and education sectors can trust that its StateRAMP environment will protect their information systems from cyber threats while fulfilling compliance obligations [4] Compliance and Monitoring - To maintain StateRAMP Authorized status, Jamf is required to comply with monthly continuous monitoring and conduct annual audits for significant changes [4]

Core Points - Jamf has achieved StateRAMP Authorized status for its Jamf Pro and Jamf School products, demonstrating its commitment to high compliance organizations [1][3] - StateRAMP is a cloud security assessment program tailored for educational institutions and state/local governments [2] - The Authorized status indicates that Jamf Pro and Jamf School meet all required security controls and have been verified by a third-party assessment organization [3] - This accomplishment assures customers that Jamf's solutions will protect their information systems from cyber threats while ensuring compliance with industry regulations [4] - To maintain this status, Jamf must adhere to monthly monitoring and conduct annual audits [4] Company Overview - Jamf specializes in managing and securing Apple environments, providing a complete management and security solution that balances enterprise security with user simplicity [6]

Core Insights - Jamf has announced that its flagship device management solution, Jamf Pro, is now available on the Azure cloud and can be purchased in the Azure Marketplace, marking a significant expansion of its offerings [1][4] - The company has achieved the top-tier partner designation in Microsoft's AI Cloud Partner Program, which enhances collaboration opportunities with Microsoft sellers for joint solutions [1][5] - The partnership with Microsoft, established in 2017, has led to the development of various integrations with Microsoft enterprise tools, enhancing the management and security of Apple devices within Microsoft environments [6][7] Group 1: Product Availability and Integration - Jamf Pro and bundled plans are now available for purchase in the Azure Marketplace, allowing customers to host their solutions in Azure, which ensures seamless integration with existing IT environments [3][4] - The integration of Jamf's security expertise with Microsoft's threat intelligence through the Jamf plugin for Microsoft Copilot for Security enhances threat detection and response capabilities for Apple devices [5][6] Group 2: Strategic Partnership and Development - The partnership with Microsoft has been beneficial for joint customers, providing a consolidated procurement experience and improving operational efficiency through deep integrations [5][6] - Since 2017, Jamf has developed a range of integrations with Microsoft tools, including Intune, Entra ID, and Microsoft Sentinel, to support organizations managing Apple devices [7][8]

Financial Data and Key Metrics Changes - Q3 year-over-year revenue growth was 12%, with subscription revenue representing 98% of the total [6][26] - Non-GAAP operating income reached $27.7 million, representing a non-GAAP operating income margin of 17%, an 800 basis points improvement from the prior year [6][28] - Total ARR grew 12% year-over-year to $635 million, driven by the commercial business and demand for security solutions [6][26] Business Line Data and Key Metrics Changes - Security ARR surpassed $150 million, representing growth of 26% and accounting for 24% of total ARR in Q3, up from 23% in Q2 [9][26] - SaaS recurring revenue grew 13% in Q3, while less strategic revenue sources like license and services experienced declines [26] - Approximately 40% of the overall commercial pipeline is made up of security opportunities [22] Market Data and Key Metrics Changes - PC shipment reports showed slight overall industry declines in Q3, with mixed data for Mac shipments [10] - Despite the slowness in the PC market, analysts expect a recovery driven by demand for AI PCs and the end of Windows 10 support in late 2025 [10] - International expansion continues to grow at a faster pace than domestic sales, particularly in education markets in Japan, Germany, and Taiwan [65] Company Strategy and Development Direction - The company launched the Jamf Partner Hub and new Partner Program to drive business through channel partners [12] - Strategic agreements with Microsoft and Okta aim to enhance product offerings and market alignment [13][14] - Focus on key growth drivers includes Mac leadership, mobile expansion, management plus security, and international expansion [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth despite current headwinds in education and device expansion [38] - Anticipation of a refresh cycle in the tech and education sectors, with expectations for improved device sales [62] - The company expects total revenue for Q4 2024 to be between $161.9 million and $162.9 million, representing year-over-year growth of 7% to 8% [31] Other Important Information - The company made a one-time adjustment to reset device and customer counts due to a comprehensive systems update [7][54] - Non-GAAP gross profit margin was 82%, consistent with expectations [28] - The effective tax rate for Q3 was negative 12%, consistent with expectations [29] Q&A Session Summary Question: Updated thoughts on full year ARR growth - Management noted headwinds in education and device expansion but highlighted strong growth in commercial and security sectors [36][38] Question: Customer feedback from JNUC event - Positive feedback was received regarding new product enhancements and overall customer excitement [39][40] Question: Data points for Apple refresh across devices - Management indicated anticipation for a refresh cycle but noted it has not yet fully materialized [43][44] Question: Insights on Microsoft relationship - The partnership with Microsoft is seen as collaborative, with opportunities for co-selling and integration [51][52] Question: Thoughts on the 3-year model - The incoming CFO indicated that the existing 3-year model seems reasonable but will be updated in future guidance [59] Question: Key growth drivers for next year - Management identified several tailwinds, including anticipated refresh cycles, security growth, and international expansion as key growth drivers [62][65]

Jamf Holding (JAMF) reported $159.29 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.7%. EPS of $0.16 for the same period compares to $0.08 a year ago.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $157.69 million. With the consensus EPS estimate being $0.17, the EPS surprise was -5.88%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Jamf Holding (JAMF) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.88%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.14, delivering no surprise.Over the last four quarters, the company has surpasse ...