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Mar 31, 2020
Akamai Q1 2020 Earnings Report
Akamai reported excellent results in the first quarter driven by continued strength in security solutions and stronger than expected traffic growth.
Key Takeaways
Akamai's Q1 2020 earnings report showed a revenue of $764 million, up 8% year-over-year. GAAP EPS was $0.75, up 15% year-over-year, and non-GAAP EPS was $1.20, up 9% year-over-year. The company saw continued strength in its security solutions.
First quarter revenue of $764 million, up 8% year-over-year and up 9% when adjusted for foreign exchange.
Cloud Security Solutions revenue grew 26% year-over-year and 28% when adjusted for foreign exchange.
GAAP EPS of $0.75, up 15% year-over-year, and non-GAAP EPS of $1.20, up 9% year-over-year.
Akamai spent $81 million in the first quarter of 2020 to repurchase 0.9 million shares of its common stock at an average price of $92.45 per share.
Akamai
Akamai
Akamai Revenue by Segment
Akamai Revenue by Geographic Location
Revenue by Segment
Security Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
No forward guidance was provided in the earnings report.