Jamf Holding Corp. (NASDAQ:JAMF) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET

Company Participants

Jennifer Gaumond - Vice President of Investor Relations

John Strosahl - Chief Executive Officer

Ian Goodkind - Chief Financial Officer

Conference Call Participants

Matthew Hedberg - RBC Capital Markets

Gregg Moskowitz - Mizuho Securities USA LLC

Joshua Reilly - Needham and Company

Luke Morison - Canaccord Genuity LLC

Robbie Owens - Piper Sandler & Co.

Ethan Weeks - Piper Sandler & Co.

Nicholas Mattiacci - Craig-Hallum Capital Group LLC

Operator

Thank you for standing by, and welcome to Jamf Third 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.

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

Jennifer Gaumond

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

Before we begin, I'd like to remind you that shortly after the market close today, we issued a press release announcing our third quarter financial results. We also published a Q3 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 John Strosahl. John?

John Strosahl

Thank you, Jen, and thank you, everyone for joining us. Jamf achieved strong results in Q3, exceeding expectations for the 14th consecutive quarter. Year-over-year revenue growth was 15%. Non-GAAP operating income was $12.4 million and 80% increase over the prior year period. This resulted in a non-GAAP operating income margin of 9%, a 300 basis points improvement over the prior year period. Additionally, ARR grew 15% year-over-year in Q3 to $566.3 million.