Welcome to our dedicated page for Jamf Holding news (Ticker: JAMF), a resource for investors and traders seeking the latest updates and insights on Jamf Holding stock.
Jamf Holding Corp. operates as a privately held Apple device management and security software company after its completed acquisition by Francisco Partners. The company focuses on managing, securing and automating Apple environments for organizations that use Mac, iPad, iPhone and iOS-based workflows.
Jamf news commonly covers Apple-first endpoint management, security capabilities, partner integrations, retail and public-sector initiatives, industry analyst recognition, executive leadership changes and corporate-status developments tied to its transition from a Nasdaq-listed issuer to a private company.
Jamf reported a 29% increase in total revenue for Q2 2020, reaching $62.2 million. The company also saw a 42% rise in recurring revenue to $58.7 million and a 36% growth in ARR, amounting to $241 million. Notably, Jamf achieved a GAAP operating income of $4.2 million, reversing last year's loss. Cash flow from operations was $16.8 million, a significant improvement. Looking ahead, Jamf anticipates Q3 revenue between $65 million and $66 million and full-year revenue of $255 million to $257 million.
Jamf Holding Corp. announced the closing of its initial public offering (IPO) on July 24, 2020. The offering consisted of 20,700,000 shares priced at $26.00 per share, with Jamf offering 13,500,000 shares and the remaining 7,200,000 shares from selling shareholders, which included an additional 2,700,000 shares due to underwriter options. Jamf will not receive proceeds from the selling shareholders. The company's stock started trading on Nasdaq under the ticker symbol “JAMF” on July 22, 2020.