Jamf Holding sees FY24 annual recurring revenue growth similar to total revenue

The company states: “For the full year 2024, (we expect) total revenue of $614.5M to $619.5M, representing year-over-year growth of 10% at the midpoint. Non-GAAP operating income of $89M to $93M, representing a non-GAAP operating income margin of 15% at the midpoint, and a nearly 700 basis point improvement over fiscal year 2023. While we don’t provide an outlook for our ARR, we would expect to end fiscal year 2024 with ARR growth similar to full year revenue growth. With respect to unlevered free cash flows, for full year 2024, we expect unlevered free cash flow margin to be similar to non-GAAP operating income margin.” Comments taken from Q4 earnings conference call.