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Strong Apple enterprise demand boosts Jamf revenue 34% to $76 million during Q4 2020

Added 03-04-21 06:31:02pm EST - “Jamf Q4 earnings crose 34% to 76 million driven by strong Apple demand in the enterprise which has been accelerated by remote work.” - 9to5mac.com

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Posted By TheNewsCommenter: From 9to5mac.com: “Strong Apple enterprise demand boosts Jamf revenue 34% to $76 million during Q4 2020 - 9to5Mac”. Below is an excerpt from the article.

Jamf, an Apple-focused mobile device management vendor, has reported strong revenue for its Q4 FY2020 as well as across the entire year. Q4 revenue rose 34% to $76.4 million, while total revenue for 2020 grew 32% to $269.5 million.

One of the key financial figures Jamf has been reporting is annual recurring revenue (ARR). Jamf’s Q4 recurring revenue grew 40% year-over-year to $70 million; its fiscal year recurring revenue rose 42% to $249.2 million.

“We finished 2020 with high growth across every product, geography, and the top 10 industries we serve, demonstrating the strength and diversity of our platform,” said Dean Hager, CEO of Jamf. “As we look to 2021, we’ll continue to expand the breadth and depth of our Apple Enterprise Management platform to enhance our value to customers and accelerate further penetration of Apple in the enterprise.”

Jamf had set a goal of managing 20 million Apple devices by the end of 2020 way back in 2015. The company ended the year with 20.4 million Apple devices on its platform with more than 47,000 customers.

During a year when many schools who were using Apple products were learning at home, Jamf continued to boost education offering with several new capabilities in Jamf School, including an enhanced Jamf Teacher app allowing teachers to use a Mac to manage student iPads.

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