MINNEAPOLIS--(BUSINESS WIRE)--Jamf, (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced its inclusion in multiple IDC MarketScape Reports evaluating Unified Endpoint Management (UEM) software vendors. Recognition across multiple IDC MarketScape categories Jamf was named a Leader in the following IDC MarketScape reports: IDC MarketScape: Worldwide Unified Endpoint Management Software for Apple Devices 2025-2026 Vendor Assessment (#US53003225, December 2025) IDC M. ...

SAN FRANCISCO & LONDON--(BUSINESS WIRE)-- #appledevicemanagement--Hexnode UEM, the enterprise software division of Mitsogo Inc., announces its inclusion in five of the IDC MarketScape: Worldwide Unified Endpoint Management Software Vendor Assessment reports. The listing offers an assessment of vendors in the Unified Endpoint Management market. Hexnode has been named a Leader in the "IDC MarketScape: Worldwide Unified Endpoint Management Software for Apple Devices 2025/26 Vendor Assessment†(Doc #US53003225, ...

Financial Data and Key Metrics Changes - Fourth quarter revenue grew 7% year-over-year in constant currency, with full year 2024 revenue growing 10% at constant currency [8][39] - Adjusted EBITDA for the fourth quarter was $38.1 million, reflecting a 32.7% margin, while full year adjusted EBITDA was $169.4 million, reflecting a 36.3% margin [9][43] - Annual recurring revenue (ARR) as of December 31, 2024, was $482 million, growing 10% at constant currency [8][42] Business Line Data and Key Metrics Changes - Cove Data Protection remains the largest revenue-generating product, protecting over 180,000 businesses and outpacing total company growth [17][30] - The acquisition of Adlumin has positioned it as one of the two highest booking products since its acquisition [15][16] Market Data and Key Metrics Changes - Approximately 45% of revenue was generated outside of North America in the fourth quarter, and 46% for the full year [46] - The company is focusing on expanding its presence in the North American reseller channel and international markets such as the U.K., DACH, and Australia [33][34] Company Strategy and Development Direction - The company aims to expand its security leadership, scale its go-to-market strategy, and elevate customer experience in 2025 [22][34] - The strategic acquisition of Adlumin is expected to enhance the product suite and create new growth avenues in the high-demand security market [38][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position for growth in 2025, citing strong demand in the market and a robust business model [58][61] - The company anticipates some headwinds in the first half of 2025 due to long-term contract commitments but expects acceleration in the second half [108][110] Other Important Information - The company transitioned from less than 10% of revenue from annual contracts to over 50% in 2024, which is expected to improve customer retention [19][20] - The company is investing in technology and partnerships to enhance its serviceable addressable market and unlock significant growth potential [21][22] Q&A Session Summary Question: What was the revenue contribution from Adlumin in Q4? - The revenue contribution from Adlumin in Q4 was approximately $2.5 million from the acquisition date of November 20 through the end of the year [65] Question: Is there an expected headwind or benefit from moving customers to annual contracts? - The initiative will continue, with expectations for a natural blend up over time, but no significant uptick like in 2024 is anticipated [68] Question: How has engagement been on the partner side for Adlumin? - Resellers have been enthusiastic about the acquisition, seeing it as a partnership that provides a one-stop shop for various offerings [74] Question: What competitive landscape does Adlumin face? - Adlumin is seen as a strong competitor due to its cloud-native, AI-driven technology and endpoint-agnostic capabilities, which differentiate it from larger competitors [80][82] Question: What is the expected organic growth rate for 2025? - The company expects higher single-digit growth rates, with a focus on scaling new customer acquisition motions and leveraging the Adlumin acquisition [112] Question: How is the company exposed to the U.S. federal government market? - The company does not have direct visibility into the end customers of MSPs but expects to remain diversified and not significantly impacted by government market dynamics [127][128]

Financial Data and Key Metrics Changes - Jamf achieved Q4 revenue growth of 8% year over year, with a full year revenue growth of 12% [6][18] - Non-GAAP operating income margin for Q4 was 18%, exceeding the high end of the outlook, while the full year margin was 16%, reflecting an 800 basis point improvement from 2023 [6][20] - Annual recurring revenue (ARR) grew 10% year over year to $646 million [7][23] - Gross retention rates remained consistent with historical levels, while net retention rate decreased slightly to 104% in Q4 [19][73] Business Line Data and Key Metrics Changes - Security ARR grew 17% year over year to $156 million, representing 24% of Jamf's total ARR [9][23] - Mobile solutions saw significant growth, particularly in sectors like transportation and education, with notable expansions in airline partnerships [10][66] - International revenue grew 17%, accounting for over a third of total revenue, with expectations for continued growth in strategic geographies [12][13] Market Data and Key Metrics Changes - The tech sector showed signs of stability, with growth in Mac and mobile solutions, particularly in the education sector [29][31] - Demand for security solutions is increasing, with organizations recognizing the need for integrated management and security [35][42] Company Strategy and Development Direction - Jamf aims to achieve a "Rule of 40" by focusing on profitable growth and margin expansion, with strategic investments in efficiency and scalability [15][26] - The company is enhancing its partner program to drive more business through channel partners, which has shown early positive results [14][57] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding hiring trends and market conditions, noting a slight uptick in Q4 but emphasizing that one quarter does not establish a trend [98] - The outlook for 2025 includes expected revenue growth of 8.1% at the midpoint, with a focus on improving operating margins and unlevered free cash flow [25][26] Other Important Information - Jamf's platform supports approximately 33.2 million devices and 76,500 customers, with a focus on cross-selling mobile and security solutions [21][22] - The company underwent a comprehensive systems update that impacted billing and collections, but is expected to benefit future cash flow [21][78] Q&A Session Summary Question: Trends in tech and education sectors - Management noted signs of stability in Q4, with growth in Mac and mobile solutions, particularly in education and tech sectors [29][31] Question: Impact of data reclassification on security growth - The ARR adjustment impacted security growth by about 2%, with demand for security solutions remaining strong [33][35] Question: Guidance for achieving Rule of 40 - Management indicated that achieving Rule of 40 will come from revenue growth and continued margin expansion [40][41] Question: Competitive dynamics and share shift - Management reported consistent competitive dynamics, with ongoing customer transitions from competitors due to innovation concerns [46][48] Question: Expectations for hiring trends in 2025 - Management expressed cautious optimism about hiring trends, noting a slight uptick in Q4 but refraining from declaring a definitive trend [98] Question: Role of Azure channel and learnings from AWS - Management highlighted early success with Azure, drawing parallels to the initial success with AWS and emphasizing strong collaboration with Microsoft [56][57] Question: Sluggishness in Mac growth - Management reported no significant sluggishness in Mac growth, with a focus on buyer confidence and device lifecycle management [95][96]