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Jamf Holding Corp. (NASDAQ: JAMF) is renowned as the global leader in macOS and iOS management, with a presence stretching across key cities like Minneapolis, Eau Claire, Cupertino, New York, Amsterdam, Katowice, Sydney, Hong Kong, and Tokyo. Jamf specializes in delivering comprehensive Apple management solutions tailored for both educational institutions and businesses. Jamf Pro (formerly known as Casper Suite) stands out as the only macOS and iOS management software crafted exclusively for the Apple platform. It provides an extensive array of functionalities: from package building and inventory management to remote imaging, updates, and iOS mobile device management. The software also offers a robust framework for automated support.
Jamf's core business revolves around helping organizations—including businesses, hospitals, schools, and government agencies—connect, manage, and protect Apple products, apps, and corporate resources in the cloud, all without the need to physically touch the devices. The company markets its Software-as-a-Service (SaaS) solutions through a subscription model, leveraging a direct sales force, online channels, and indirect sales via partnerships, including Apple's channel partners.
Operating across The Americas, Europe, the Middle East, India, Africa, and the Asia Pacific, Jamf's cloud software platform is uniquely focused on Apple infrastructure and security. Notable achievements include the launch of Jamf Executive Threat Protection, enhancing organizational security by swiftly identifying and responding to advanced cyber threats. Collaborations with leading firms like FTI Consulting bolster its cybersecurity offerings, while recent product innovations like Jamf Insights and the Jamf Service Provider Plan further extend its capabilities.
Jamf's financial condition remains robust, backed by a strategy of growth through innovation and strategic acquisitions, such as the notable purchase of dataJAR, a UK-based MSP specializing in Apple services. Recent updates include support for Apple Vision Pro’s visionOS 1.1 and iOS 17.4, aligning with regulatory changes like the Digital Markets Act.
Jamf is committed to maintaining a dynamic and skilled workforce, with ongoing recruitment efforts globally. For prospective employees, exploring career opportunities on Jamf's LinkedIn page is highly recommended.
Jamf reported stellar Q1 2022 results, with total revenue of $108.3 million, a year-over-year increase of 34%. The company's Annual Recurring Revenue (ARR) reached $436.5 million, up 42% year-over-year. GAAP gross profit was $80.0 million, representing 74% of total revenue, while non-GAAP gross profit stood at $87.5 million. However, GAAP operating loss widened to $23.7 million. Looking ahead, Jamf expects Q2 revenue of $112 to $114 million and full-year revenue between $472 to $477 million.
Jamf appoints Michelle Bucaria as Chief People Officer, enhancing its global expansion and team culture. She brings extensive experience from PointClickCare, and Teladoc Health, where she contributed to significant revenue growth. Bucaria's focus on employee engagement, diversity, and inclusion aligns with Jamf's goals. CEO Dean Hager emphasizes her role in fostering a supportive environment for employee growth, which is crucial for Jamf’s future.
Jamf (NASDAQ: JAMF) hosted a special event on April 26, 2022, to unveil new offerings aimed at enhancing enterprise security and simplifying device management. Key announcements include Jamf Protect, an endpoint security platform for Apple, featuring network threat prevention and powerful analytics; Jamf Trust, an app enhancing user security workflows; Jamf Safe Internet, a content filtering solution for educational environments; Jamf Fundamentals, a management plan for small to midsized businesses; and a new BYOD workflow ensuring personal privacy while securing company data.
Jamf (NASDAQ: JAMF) will release its Q1 2022 financial results on May 10, 2022, post-market close. A conference call will follow at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results and overall business performance. Investors can join the call live at (833) 519-1319 or via webcast at ir.jamf.com. A replay will be available until May 17, 2022. As the leader in Apple Enterprise Management, Jamf aims to deliver insights that improve the Apple experience in various sectors including business and education.
Jamf has launched App Installers, a feature within its Application Lifecycle Management solution, designed to simplify the deployment and updating of Mac applications. This innovation addresses the tedious tasks faced by IT departments by automating app updates, significantly reducing the time required for maintenance. Currently, the Jamf App Catalog offers over 1,000 application titles, with 65 managed installer packages available for immediate use. Updates are published within 24 hours, enhancing security and efficiency for organizations.
Jamf has launched Jamf Fundamentals, a new mobile device management (MDM) plan tailored for small-midsized businesses. This offering merges robust MDM technology with features like malware prevention, password sync, and Self Service for Mac, enabling users to deploy apps and manage devices with ease. Available for $4/device/month, Jamf Fundamentals aims to bridge the gap between Apple’s offerings and enterprise needs, providing a comprehensive solution for organizations to enhance productivity and security.
Jamf (NASDAQ: JAMF) has announced its readiness to support Apple’s latest operating systems, including iOS 15.4, iPadOS 15.4, tvOS 15.4, and macOS 12.3, as of March 15, 2022. This same-day support enables customers to upgrade immediately, ensuring secure operations while minimizing downtime. Key benefits include enhanced security against vulnerabilities, uninterrupted integrations with Apple services, and improved user productivity through immediate access to new features. Jamf continues this support tradition, which it has upheld since 2002.
Jamf (NASDAQ: JAMF) has launched a new bring-your-own-device (BYOD) offering to help organizations manage personally-owned devices while protecting employee privacy. This service utilizes Apple’s Service Discovery feature to streamline device enrollment and keep personal and corporate data separate. Key benefits include improved security by reducing phishing risks, efficient IT management of corporate data, enhanced employee privacy, and a user-friendly enrollment process. The offering is available at no extra cost with Jamf’s Business and Enterprise plans or for $6 per device annually.
Jamf reported a strong financial performance for Q4 and the fiscal year ended December 31, 2021, showcasing a 36% year-over-year revenue growth to $103.8 million in Q4 and $366.4 million for the year. The Annual Recurring Revenue (ARR) surged by 45% to reach $412.5 million. Cash flow from operations was $65.2 million, supporting an unlevered free cash flow of $66.4 million, or 18% of total revenue. Despite operational losses, Jamf is optimistic about its growth trajectory, with forecasted revenue for Q1 2022 projected between $104.5 million and $106.5 million.
Jamf (NASDAQ: JAMF) announced a new integration with Google Cloud’s BeyondCorp Enterprise, enhancing macOS compliance for Apple administrators. This partnership enables organizations to provide secure access for users outside corporate networks. The integration combines Jamf's device management with Google Cloud's security features, ensuring trusted access to Google Workspace. Additionally, Jamf's new workflow with Google Identity allows seamless Mac account creation and password synchronization. This collaboration aims to improve security, management, and productivity for remote workforces.
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