Jamf Holding Corp. (NASDAQ:JAMF) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET

Company Participants

Jennifer Gaumond - Vice President, Investor Relations

Dean Hager - Chief Executive Officer

John Strosahl - President & Chief Operating Officer

Ian Goodkind - Chief Financial Officer

Conference Call Participants

Matt Stotler - William Blair

Rob Owens - Piper Sandler

Matthew Hedberg - RBC Capital Markets

Raimo Lenschow - Barclays

Gregg Moskowitz - Mizuho

Nick Mattiacci - Craig-Hallum

Operator

Thank you for standing by, and welcome to the Jamf Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's program is being recorded.

Now, I'd like to introduce your host for today's program, Jennifer Gaumond, Vice President, Investor Relations. Please go ahead.

Jennifer Gaumond

Good afternoon, and thank you for joining us on today's conference call to discuss Jamf's second quarter financial results. With me on today's call are Dean Hager, Chief Executive Officer; Ian Goodkind, Chief Financial Officer; and John Strosahl, President and Chief Operating Officer.

Before we begin, I'd like to remind you that shortly after the market closed today, we issued a press release announcing our second quarter financial results. We also published a Q2 earnings presentation, along with an updated investor presentation and excel file containing quarterly financial statements to assist with modeling. You may access this information on the Investor Relations section of jamf.com.

Today's discussion may include forward-looking statements. Please refer to our most recent SEC reports, including our most recent annual report on Form 10-K, where you'll see a discussion of factors that could cause actual results to differ materially from these statements.

I would also like to remind you that during the call, we will discuss some non-GAAP measures related to Jamf's performance. You can find the reconciliation of those measures to the nearest comparable GAAP measures in our earnings release. Additionally, to ensure we can address as many analyst questions as possible during the call, we ask that you please limit your question to one initial question and one follow-up.

Now, I'd like to turn the call over to Dean Hager. Dean?

Dean Hager

Thank you, Jen, and thank you everyone for joining us. Jamf delivered strong results again in Q2 with year-over-year revenue growth of 17% and non-GAAP operating margin of 4%. ARR grew 18% year-over-year in Q2 to $547.8 million. We continue to see strong new bookings and customer retention, as demand for Jamf's management and security solutions grow, even during this current period of muted hiring and device expansion. Our vision of delivering organization's trusted access, which combines management connection and protection into a single powerful easy-to-use platform, is resonating with our customers.