Financial Data and Key Metrics Changes - Year over year revenue growth was 15%, reaching $176.5 million, exceeding the high end of guidance by $7 million [24][25] - Total ARR grew 14% year over year to $710 million, with security ARR growing 40% year over year to $203 million [26] - Non-GAAP operating income was $33.5 million, representing a 19% margin, a 360 basis point improvement year over year [28] - Trailing twelve month unlevered free cash flow surpassed $100 million for the first time, growing 24% to $102.9 million [29] Business Line Data and Key Metrics Changes - Security bookings drove significant growth, with a notable increase in security ARR due to the inclusion of identity automation and platform solutions [26][27] - The company achieved over $500 million in commercial ARR and over $200 million in security ARR for the first time [5] - The education segment saw integration of identity automation, enhancing sales capabilities and cross-selling opportunities [40][41] Market Data and Key Metrics Changes - The company is experiencing strong demand for its security solutions across various sectors, including retail, transportation, and manufacturing [62] - The international market continues to grow, with a significant portion of business coming from channel partners outside the US [58] Company Strategy and Development Direction - The company is focused on a strategic reinvestment plan to support growth areas and improve operational efficiency, particularly in enterprise sales and AI capabilities [17][19] - The vision is to deliver secure, seamless access for every user on any device while enhancing the Apple ecosystem experience [17] - The company aims to exit fiscal 2026 with a rule of 40 run rate, combining revenue growth and adjusted EBITDA margin [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue and operating income growth, with a third quarter revenue guidance of $176 million to $178 million [31] - The company anticipates continued strong performance from identity automation and expects to see better improvement in the education sector in Q3 [50][51] - Management highlighted the importance of aligning resources to support growth and improve efficiencies, particularly in the small business segment [47] Other Important Information - The company has made enhancements to its go-to-market strategy, focusing on increasing investments in enterprise customers and simplifying approaches for SMBs [18][19] - AI capabilities have been integrated across various functions, driving efficiencies and improving customer engagement [20][21] Q&A Session Summary Question: How quickly will the support for Android drive new sales momentum? - Management indicated that the decision to support Android was driven by customer demand, and there has been good traction and interest since the launch [38][39] Question: What is the revenue contribution from identity automation? - Management noted that identity automation has been integrated into the education business and has generated significant traction, contributing to revenue upside in Q2 [40][41] Question: How does the strategic action plan align with the rule of 40 target? - Management confirmed that the strategic reinvestment plan aims to improve efficiencies and support growth, with no change to the target of achieving the rule of 40 by 2026 [47][48] Question: What is the outlook for the third quarter regarding seasonality? - Management explained that Q2 had some one-time revenue impacts, and they expect a more normal seasonal ramp into Q3, particularly for identity automation [50][51] Question: How is the partner network progressing in the US? - Management highlighted that the channel is increasingly important, with a majority of business coming from international channels, and they believe US channels can reach similar revenue levels [58][59] Question: What changes are being made to sales rep quotas? - Management stated that the focus is on selling platform solutions that blend management and security, with an emphasis on supporting both SMB and enterprise customers [66]

Earnings Presentation Second Quarter 2025 1 Safe Harbor Unless otherwise specified, financial information and other data in this presentation is presented as of June 30, 2025. Jamf's historical results are not necessarily indicative of the results that may be expected in the future. The financial results contained herein as of June 30, 2025, and for the three and six months ended June 30, 2025, include the impact of the Identity Automation acquisition, which closed on April 1, 2025, unless otherwise specifi ...

Core Viewpoint - Jamf has announced a strategic reinvestment plan aimed at driving long-term growth, improving operational efficiency, and enhancing shareholder value, with expectations to exceed financial guidance for Q2 2025 [1][7]. Strategic Reinvestment Plan - The plan includes a comprehensive systems update that enhances insights into business and growth opportunities, allowing for a strategic reallocation of resources to areas with the highest growth potential [2]. - Key focus areas of the reinvestment plan are: - **Go-To-Market Enhancement**: Realigning the go-to-market organization to invest in growth opportunities aligned with the platform strategy, including Jamf for Mac, Jamf for Mobile, Jamf for K-12, and Jamf for SMB solutions [3]. - **AI Investments**: Accelerating investments in AI capabilities to improve customer experience and productivity across the organization [4]. Workforce Reduction - To facilitate the strategic reinvestment plan, the company will reduce its workforce by approximately 6.4%, impacting roles across go-to-market and other functions [5]. - The estimated charges related to the workforce reduction are approximately $11.0 to $12.5 million, expected to be incurred mainly in Q3 2025, with completion of the plan by the end of Q4 2025 [6]. Financial Expectations - Jamf anticipates exceeding the high end of its previously issued guidance ranges for Q2 2025, with total revenue expected between $167.5 million and $169.5 million, and non-GAAP operating income projected between $29.5 million and $30.5 million [10][7].

Earnings Presentation First Quarter 2025 1 Safe Harbor Unless otherwise specified, financial information and other data in this presentation is presented as of March 31, 2025. Jamf's historical results are not necessarily indicative of the results that may be expected in the future. Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally ...