Mission Statement, Vision, & Core Values (2024) of Jamf Holding Corp. (JAMF).

An Overview of Jamf Holding Corp. (JAMF)

General Summary of Jamf Holding Corp.

Jamf Holding Corp. (JAMF), founded in 2002, specializes in managing Apple devices in enterprise environments. The company offers a range of products and services designed to simplify the management of Apple devices, including Jamf Pro for device management, Jamf Now for small businesses, and Jamf School for educational institutions. As of 2024, Jamf serves over 40,000 customers globally, supporting over 33.9 million devices, reflecting a 7% year-over-year growth in device count.

In 2024, Jamf reported an Annual Recurring Revenue (ARR) of $635.0 million, an increase of 12% year-over-year. This growth is attributed to device expansion, cross-selling additional solutions to existing customers, and the acquisition of new clients. The company continues to solidify its position as a leader in Apple device management solutions across various sectors, including education and enterprise.

Company's Financial Performance in the Latest Financial Reports

For the third quarter of 2024, Jamf reported total revenue of $159.3 million, up from $142.6 million in the same period of 2023. Subscription revenue accounted for the majority at $156.1 million, a significant increase from $138.5 million year-over-year. The company’s gross profit for the quarter was $123.3 million, yielding a gross margin of approximately 77.4%.

Despite the revenue growth, Jamf reported a net loss of $12.2 million for the quarter, compared to a net loss of $32.3 million in Q3 2023. This improvement is indicative of the company's ongoing efforts to enhance operational efficiency. Operating expenses totaled $139.1 million, slightly down from $142.3 million in the prior year, demonstrating the company's commitment to managing costs while pursuing growth.

As of September 30, 2024, Jamf’s total assets amounted to $1.584 billion, with total liabilities of $863.7 million, leading to stockholders’ equity of $720.5 million. The company’s dollar-based net retention rate stood at 106%, reflecting its ability to expand revenue from existing customers.

Introduction to Jamf as a Leader in the Industry

Jamf is recognized as a leading provider in the Apple device management industry, setting itself apart through its comprehensive suite of solutions tailored for businesses and educational institutions. The company’s expertise in managing Apple devices positions it uniquely in a market increasingly reliant on mobile technology and remote work solutions. With over 40,000 customers and a strong ARR growth trajectory, Jamf continues to capture significant market share.

To understand more about Jamf's successful strategies and future outlook, further exploration of their operational practices and market positioning is encouraged.

Mission Statement of Jamf Holding Corp. (JAMF)

Mission Statement of Jamf Holding Corp. (JAMF)

Jamf Holding Corp. aims to empower organizations to succeed with Apple by delivering comprehensive solutions that streamline management, enhance security, and improve user experience. This mission statement is pivotal in guiding the company’s long-term objectives and strategies, ensuring a steadfast focus on innovation and customer satisfaction.

Core Component 1: Empowering Organizations

The first core component emphasizes Jamf's commitment to empowering organizations. This is reflected in their strategic initiatives and product offerings designed to support businesses in maximizing their use of Apple products. For instance, as of September 30, 2024, Jamf reported a significant increase in the number of devices managed, reaching 33.9 million, compared to 31.8 million in the previous year, representing a 7% year-over-year growth rate.

Core Component 2: Streamlining Management

Streamlining management is another crucial aspect of Jamf's mission. The company provides a suite of products designed to simplify the deployment and management of Apple devices across various environments. Their focus on enhancing operational efficiency is evident in their financial performance, with an Annual Recurring Revenue (ARR) of $635.0 million as of September 30, 2024, marking a 12% increase from the previous year. This growth indicates a strong demand for their solutions that facilitate easier management of Apple devices.

Core Component 3: Enhancing User Experience

Enhancing user experience is a vital part of Jamf's mission. The company aims to create seamless interactions for users through its product offerings. This commitment is reflected in Jamf's Dollar-Based Net Retention Rate, which was reported at 120%, showcasing the company's ability to retain and expand its existing customer base. The focus on user satisfaction is critical for driving ongoing engagement and loyalty among their clientele.

Vision Statement of Jamf Holding Corp. (JAMF)

Vision Statement Overview

The vision statement of Jamf Holding Corp. (JAMF) emphasizes the company’s commitment to empowering organizations by enabling them to utilize Apple devices effectively. This vision reflects their aspiration to enhance productivity and security through innovative management solutions.

Empowering Organizations

Jamf's vision focuses on the empowerment of organizations, allowing them to harness the full potential of Apple products. This approach is supported by the company's significant growth in Annual Recurring Revenue (ARR), which reached $635.0 million as of September 30, 2024, up from $566.3 million in the previous year, marking a 12% year-over-year increase.

Innovative Solutions

At the core of Jamf’s vision is the delivery of innovative solutions that facilitate seamless device management. The company reported an increase in the number of devices managed on its platform, reaching 33.9 million as of September 30, 2024, compared to 31.8 million a year earlier, indicating a 7% growth.

Security and Productivity

Jamf's vision also emphasizes the importance of security in device management. As organizations increasingly rely on Apple devices, Jamf aims to provide robust security features that protect sensitive data. The company’s focus on security is underpinned by its high dollar-based net retention rate of 106% for the trailing twelve months ending September 30, 2024.

Global Reach and Diversity

Jamf's vision extends globally, catering to diverse industries and sectors. This is reflected in their customer base, which spans various geographies and includes educational institutions, healthcare providers, and enterprises. The company’s growth strategy involves expanding its footprint in international markets, contributing to a broader vision of accessibility for all organizations.

Commitment to Customer Success

Central to Jamf's vision is a steadfast commitment to customer success. The company’s strategies include providing exceptional customer support and continuously enhancing its product offerings. This focus is evident in the growth of their customer base, which has expanded through both new customer acquisition and cross-selling to existing customers.

Future Aspirations

Looking forward, Jamf aims to innovate continuously, ensuring that its vision remains aligned with the evolving needs of organizations. The company is poised to adapt to changing market dynamics while maintaining its core focus on empowering users through technology.

Core Values of Jamf Holding Corp. (JAMF)

Commitment to Customer Success

The core value of customer success is central to Jamf Holding Corp.'s operations. This value emphasizes the importance of ensuring that customers achieve their desired outcomes while using Jamf's solutions.

As of September 30, 2024, Jamf reported an Annual Recurring Revenue (ARR) of $635.0 million, up from $566.3 million in the previous year, showcasing a growth of 12% year-over-year. This increase is attributed to effective customer engagement and the expansion of device usage across their existing customer base.

Jamf's customer support initiatives include dedicated customer success teams that provide ongoing assistance and training, which has led to a dollar-based net retention rate of 106% for the trailing twelve months ended September 30, 2024.

Innovation and Agility

Innovation is a driving force behind Jamf's core values, reflecting its commitment to delivering cutting-edge technology solutions. This value is crucial for maintaining a competitive edge in the fast-evolving tech landscape.

In 2024, Jamf introduced several new features and enhancements to its products, reflecting its dedication to innovation. The company has also expanded its software platform to manage over 33.9 million devices, a 7% increase from the previous year. This growth in device management capabilities demonstrates Jamf's agility in responding to market demands and customer needs.

Integrity and Transparency

Integrity and transparency are fundamental to Jamf's relationship with its stakeholders. The company prioritizes ethical practices and open communication, which fosters trust among customers and investors alike.

In its 2024 financial disclosures, Jamf reported a net loss of $52.0 million for the nine months ended September 30, 2024, compared to a net loss of $92.7 million for the same period in 2023. This transparency in financial reporting highlights Jamf's commitment to keeping stakeholders informed about the company's performance.

Diversity and Inclusion

Diversity and inclusion are core values that Jamf actively promotes within its workforce. The company recognizes that a diverse team enhances creativity and innovation, which are essential for its growth and success.

As of September 30, 2024, Jamf has implemented various initiatives aimed at increasing diversity within its hiring practices. The workforce reduction plan announced in January 2024, which impacted about 6% of employees, was also part of a broader strategy to create a more inclusive workplace.

Community Engagement

Community engagement reflects Jamf's commitment to giving back and supporting the communities in which it operates. This value is integral to enhancing the company's brand reputation and fostering goodwill.

In 2024, Jamf initiated several community outreach programs focused on education and technology accessibility, emphasizing its role as a responsible corporate citizen. These initiatives are designed to empower local communities and promote the benefits of technology in education.

Updated on 16 Nov 2024

Resources:

1. Jamf Holding Corp. (JAMF) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Jamf Holding Corp. (JAMF)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Jamf Holding Corp. (JAMF)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.