The following is a summary of the Jamf Holding Corp. (JAMF) Q1 2024 Earnings Call Transcript:
Financial Performance:
Jamf reported a 15% year-over-year growth rate in Q1 revenue and the total ARR stood at $602.4 million, indicating a 14% rise compared to the previous year.
The non-GAAP operating income margin was at 15%, reflecting a 1,000 basis point improvement from Q1 2023.
Bundle sales saw a significant increase with a 60% year-over-year growth, showing strong interest from the small and medium business market.
Business Progress:
The company launched key product updates meant to enhance compliance, including a compliance dashboard in Jamf Protect and tools for Jamf Pro for iOS among others.
Support for Apple Vision Pro is now available on its platform and management capabilities for watchOS will be introduced later in the year.
Jamf reaffirmed their strategic growth drivers such as Mac leadership, expansion of mobile and international sectors, and improvements in management and security.
The company saw growth across various industries and regions, particularly in Asia Pacific and is focusing on enhancing its security product suite as per customer feedback, and potential acquisitions in Apple-centric firms.
More details: Jamf Holding IR
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