Jamf (NASDAQ:JAMF) Posts Better-Than-Expected Sales In Q1, Full-Year Outlook Exceeds Expectations

Yahoo

07-05-2025

Apple device management company, Jamf (NASDAQ:JAMF) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 10.2% year on year to $167.6 million. Guidance for next quarter's revenue was better than expected at $168.5 million at the midpoint, 1.5% above analysts' estimates. Its non-GAAP profit of $0.22 per share was in line with analysts' consensus estimates.
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Jamf (JAMF) Q1 CY2025 Highlights:
Revenue: $167.6 million vs analyst estimates of $166.3 million (10.2% year-on-year growth, 0.8% beat)
Adjusted EPS: $0.22 vs analyst estimates of $0.21 (in line)
Adjusted Operating Income: $37.64 million vs analyst estimates of $36.37 million (22.5% margin, 3.5% beat)
The company lifted its revenue guidance for the full year to $693 million at the midpoint from $678 million, a 2.2% increase
Operating Margin: -2.5%, up from -13.9% in the same quarter last year
Free Cash Flow Margin: 0.6%, down from 4.5% in the previous quarter
Billings: $161.3 million at quarter end, up 12.7% year on year
Market Capitalization: $1.48 billion
Company Overview
Founded in 2002 by Zach Halmstad and Chip Pearson, right around the time when Apple began to dominate the personal computing market, Jamf (NASDAQ:JAMF) provides software for companies to manage Apple devices such as Macs, iPads, and iPhones.
Sales Growth
Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Over the last three years, Jamf grew its sales at a 17.7% compounded annual growth rate. Although this growth is acceptable on an absolute basis, it fell slightly short of our standards for the software sector, which enjoys a number of secular tailwinds.
Jamf Quarterly Revenue
This quarter, Jamf reported year-on-year revenue growth of 10.2%, and its $167.6 million of revenue exceeded Wall Street's estimates by 0.8%. Company management is currently guiding for a 10.1% year-on-year increase in sales next quarter.
Looking further ahead, sell-side analysts expect revenue to grow 7.3% over the next 12 months, a deceleration versus the last three years. This projection doesn't excite us and implies its products and services will face some demand challenges.
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