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Mar 31, 2022

Akamai Q1 2022 Earnings Report

Akamai's Q1 2022 financial results were reported, showing revenue growth and strong performance in Security and Compute product groups.

Key Takeaways

Akamai reported Q1 2022 revenue of $904 million, a 7% year-over-year increase. Security and Compute revenues drove growth, increasing 25% year-over-year. GAAP EPS was $0.73, and non-GAAP EPS was $1.39.

First quarter revenue reached $904 million, up 7% year-over-year.

Security and Compute revenue grew 25% year-over-year, representing the majority of total revenue.

Security revenue was $382 million, a 23% increase year-over-year.

GAAP EPS was $0.73, down 22% year-over-year, while non-GAAP EPS was $1.39, up 1% year-over-year.

Total Revenue
$904M
Previous year: $843M
+7.2%
EPS
$1.39
Previous year: $1.38
+0.7%
Gross Profit
$571M
Previous year: $536M
+6.5%
Cash and Equivalents
$378M
Previous year: $457M
-17.3%
Free Cash Flow
$171M
Previous year: $163M
+5.5%
Total Assets
$8.3B
Previous year: $7.82B
+6.2%

Akamai

Akamai

Akamai Revenue by Segment

Akamai Revenue by Geographic Location

Forward Guidance

Akamai delivered results in line with Q1 guidance.