Jamf reports 50% increase in partner-driven deal registrations

MINNEAPOLIS - Apple management and security provider Jamf (NASDAQ:JAMF), a $1.5 billion market cap company with impressive 79% gross margins and steady revenue growth of 11% year-over-year, announced significant growth metrics for its Global Partner Program, which was launched in August 2024. The company reported a 50% year-over-year increase in partner-driven deal registrations and more than doubled its partner count in the program’s first twelve months. According to InvestingPro analysis, Jamf maintains a "GOOD" Financial Health Score, positioning it well for continued expansion.

According to the company, partner-driven annual recurring revenue (ARR) now represents over 60% of Jamf’s total ARR, contributing to its annual revenue of $666.38 million. The program has streamlined deal registrations, providing partners with real-time visibility into status, progress, and upcoming renewals.

"Our channel partners bring invaluable knowledge and resources that enhance the customer experience, accelerate adoption, and drive long-term success for businesses," said Marc Botham, Vice President of Global Channel Sales at Jamf.

The company works with major MSPs and resellers including CDW, SoftCat, BT, SHI, and 7th Sense. Kevin English, Senior Director of Modern Workplace Services at SHI, stated that he expects his business to "double or even triple in the next two years" as a result of Jamf’s program changes.

Jamf’s Global Partner Program operates in over 70 countries and uses a points-based system to reward partners. The company recently received a 5-Star Rating in the 2025 CRN Partner Program Guide, an elite recognition for companies with successful channel partnership programs.

The information was shared in a company press release statement.

In other recent news, Jamf Holding Corp. reported its second-quarter earnings, revealing a non-GAAP earnings per share of $0.18, which aligned with consensus expectations. The company also posted a non-GAAP operating income of $33.5 million, surpassing the consensus estimate of $30.0 million. In addition, Jamf announced a strategic plan to reduce its workforce by approximately 6.4%, primarily affecting go-to-market and other functions, with expected charges of $11.0 to $12.5 million for severance and related costs. This move is part of a broader strategy to focus on the enterprise market and invest in artificial intelligence.

Furthermore, Needham has lowered its price target for Jamf to $20.00 from $25.00, while maintaining a Buy rating, reflecting the company’s strategic shift. Citizens JMP also adjusted its price target for Jamf to $18.00 from $27.00, maintaining a Market Outperform rating after the mixed second-quarter results. Additionally, JMP Securities reiterated its Market Outperform rating with a price target of $18.00, highlighting Jamf’s leading position in enterprise Apple management and its expansion to support Android devices. These developments indicate Jamf’s ongoing efforts to adapt and grow in a competitive market environment.

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