Software developer Jamf recently reported on its 2020 fourth quarter earnings and some of its data showed Apple continues to pick up market share at the enterprise level.
Jamf operates a software platform for businesses and organizations to manage their Apple devices.
Jamf’s 2021 outlook is pretty good too, as its healthcare and education software end-markets are growing quickly.
If you’re betting on Apple services as a top growth motif, this small software platform for iPads, iPhones, and Macs is worth your investing attention.
Revenue increased 32% year over year in 2020 to nearly $270 million, almost all of it in the form of recurring subscription revenue to its cloud-based platform for touchless iOS device setup, management, and security. Jamf is also a highly profitable firm, generating free cash flow of $66.2 million last year (a free cash flow profit margin of 25%).
And after using cash generated from its IPO to clean up its balance sheet, Jamf ended 2020 with $195 million in cash and equivalents and no debt.
MacDailyNews Take: To give an idea of how well Apple is doing in the enterprise, Jamf in 2015 was managing less than 4 million devices for 5,000 customers. Six years later, the company now manages over 20 million Apple devices for over 47,000 customers.