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Mar 31, 2021
Akamai Q1 2021 Earnings Report
Akamai's first quarter results for 2021 were reported, demonstrating revenue growth and exceeding expectations.
Key Takeaways
Akamai reported a strong start to 2021 with revenue of $843 million, up 10% year-over-year. The company's security and edge applications solutions drove growth, with security revenue up 29% and edge revenue up 2%.
Revenue reached $843 million, a 10% increase year-over-year, or 8% when adjusted for foreign exchange.
Security Technology Group revenue was $310 million, up 29% year-over-year, or 27% when adjusted for foreign exchange.
Edge Technology Group revenue was $532 million, up 2% year-over-year, and flat when adjusted for foreign exchange.
GAAP EPS was $0.94, up 25% year-over-year, while non-GAAP EPS was $1.38, up 15% year-over-year.
Akamai
Akamai
Akamai Revenue by Segment
Akamai Revenue by Geographic Location
Forward Guidance
Akamai did not provide forward guidance in this report.