Jamf Holding Corp ( (JAMF) ) has released its Q3 earnings. Here is a breakdown of the information Jamf Holding Corp presented to its investors.
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Jamf Holding Corp. is a company that specializes in managing and securing Apple devices in the workplace, offering a comprehensive solution tailored for an Apple-first environment. In its latest financial report, Jamf announced a 12% year-over-year increase in total revenue for the third quarter of 2024, reaching $159.3 million, alongside an annual recurring revenue (ARR) growth of 12% to $635 million. Despite reporting a GAAP operating loss of $15.9 million, the company’s non-GAAP operating income improved significantly to $27.7 million.
The company also highlighted serving over 76,000 customers with nearly 34 million devices on its platform. Notably, its security solutions ARR grew by 26% year-over-year to $151.5 million, representing 24% of Jamf’s total ARR. Strategic initiatives included a new Global Partner Program and a five-year agreement with Microsoft to enhance growth through the Azure cloud platform. Furthermore, Jamf was recognized as the ‘Mobile Security Solution of the Year’ and participated in the 2024 Verizon Mobile Security Index.
Looking ahead, Jamf’s financial outlook for the fourth quarter of 2024 anticipates revenue between $161.9 million and $162.9 million, with a non-GAAP operating income forecasted between $25.5 million and $26.5 million. For the full year, the company expects revenue between $626.3 million and $627.3 million, alongside non-GAAP operating income approaching $99.8 million. The company remains committed to executing its strategic plan and enhancing its Apple management and security offerings.
