Jamf (JAMF) BofA Securities 2024 Global Technology Conference summary

Company overview and growth

• Focuses on simplifying work by managing and securing Apple devices through SaaS solutions.

• Annual recurring revenue (ARR) grew from $225M at IPO in 2020 to over $600M recently.

• Security ARR reached $138M, growing 31% year-over-year.

• Expansion from education roots into commercial sectors, emphasizing scalability and international growth.

• Leadership brings experience from larger, global companies, guiding international and scalable strategies.

Market demand and macro trends

• 2024 guidance incorporates continued muted macroeconomic conditions seen in 2023.

• Signs of stabilization in customer demand, with elongated sales cycles and increased approval layers.

• Early signs of improved customer engagement, but conservatism in purchasing remains.

AI and technology innovation

• AI is leveraged in three areas: product features, customer support, and internal automation.

• Security tools use AI for threat detection and future plans include automated remediation.

• Jamf Nation community data is used to enhance customer support and automate workflows.

• Internal automation aims to improve efficiency in IT, legal, and earnings processes.