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Jamf Holding (JAMF)
NASDAQ:JAMF
Holding JAMF?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.15Last Year’s EPS
$0.13Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -15.57%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance, growth in security ARR, and strategic partnerships. However, there were challenges, particularly in the education segment and device upsell. The overall sentiment is positive given the highlights outweigh the lowlights.Company Guidance
In the JAMF Q3 2024 earnings call, the company demonstrated strong performance, with key metrics exceeding expectations. Revenue growth year-over-year was 12%, primarily driven by subscription revenue, which accounted for 98% of the total. Non-GAAP operating income reached $27.7 million, representing a 17% margin, marking an 800-basis point improvement from the previous year. Annual Recurring Revenue (ARR) also grew by 12% to $635 million, bolstered by commercial business and security solution demands. The number of devices supported increased to 33.9 million, and the customer base expanded to 76,000, although a one-time adjustment was made to reset these counts. Notably, Security ARR surpassed $150 million, growing by 26% and making up 24% of JAMF's total ARR. Additionally, the company announced strategic partnerships with Microsoft and Okta to enhance customer value and drive product innovation. Despite industry challenges, JAMF remains optimistic about its growth drivers, including Mac leadership, mobile expansion, and international opportunities, as it progresses toward achieving the Rule of 40.Strong Q3 Performance
Q3 revenue growth was 12%, with subscription revenue representing 98% of the total. Non-GAAP operating income reached $27.7 million, representing a non-GAAP operating income margin of 17%, an 800-basis point improvement from the prior year period.
Growth in Security ARR
Security ARR reached $152 million, representing growth of 26% year-over-year. Security represented 24% of Jamf's total ARR in Q3, up from 23% in Q2.
New Strategic Partnerships
Entered into a 5-year agreement with Microsoft as part of the ISV Partner Program and joined the Okta Elevate Partner Program to enhance cloud identity solutions for Apple devices.
Successful Product Launches
Launched the Jamf Partner Hub and new Partner Program, as well as a mobile security SKU, which was one of the most successful product launches.
Improved Margins and Cost Efficiency
Q3 non-GAAP gross profit margin was 82%, and non-GAAP operating income margin improved by 800 basis points over Q3 2023. Decreased sales and marketing expense and G&A expense as a percent of total revenue.
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JAMF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JAMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $17.41 | $16.06 | -7.75% |
| Aug 07, 2024 | $16.33 | $16.73 | +2.45% |
| May 08, 2024 | $19.71 | $19.95 | +1.22% |
| Feb 27, 2024 | $19.97 | $18.01 | -9.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jamf Holding (JAMF) report earnings?
Jamf Holding (JAMF) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Jamf Holding (JAMF) earnings time?
Jamf Holding (JAMF) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JAMF EPS forecast?
JAMF EPS forecast for the fiscal quarter 2024 (Q4) is $0.15.
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