Jamf Holding, the software services provider for users of Apple products, says the growth rates of its educational and commercial units are back to pre-pandemic levels.
The company still recorded a loss for its second quarter, but revenue for the company increased 39% to $86.2 million, it said after the markets closed on Tuesday.
CEO Dean Hager said the company experienced annual recurring revenue growth of greater than 30% from its three major geographies and its top 10 commercial industries.
"This performance, along with strength in our add-on products, gives us confidence as we enter the second half of the year and begin to integrate the Wandera solutions into our platform," Hager said in a news release.
The $400 million acquisition of Wandera, an Apple-first cloud-centric IT security company based in San Francisco and London, closed on July 1. Jamf said its largest acquisition is expected to add $5 million in additional revenue to its third-quarter results.
Jamf's second-quarter results were the strongest it reported since becoming a public company in July 2020. The company said results are still preliminary as it revises some historical financial results.
For the quarter ended June 30 the company lost $16.4 million, or 14 cents per share, compared to a net loss of $834,000, or 1 cent per share, in the same time period a year ago. Adjusting for foreign currency, acquisition, legal reserves and other items, Jamf reported adjusted earnings of $7.5 million, or 6 cents per share.
Both revenue and adjusted EPS exceeded analyst expectations of of 5 cents per share on revenue of $82.7 million.
