Akamai Q2 2020 Earnings Report
Key Takeaways
Akamai reported Q2 2020 financial results with revenue of $795 million, up 13% year-over-year. GAAP EPS was $0.98, up 42% year-over-year, and non-GAAP EPS was $1.38, up 29% year-over-year. The company's performance was driven by strong growth in Security and Media solutions.
Second quarter revenue of $795 million, up 13% year-over-year and up 14% when adjusted for foreign exchange.
Cloud Security Solutions revenue grew 27% year-over-year and 28% when adjusted for foreign exchange.
GAAP EPS of $0.98, up 42% year-over-year, and non-GAAP EPS of $1.38, up 29% year-over-year.
Akamai spent $27 million in the second quarter of 2020 to repurchase 0.3 million shares of its common stock at an average price of $100.64 per share.
Akamai
Akamai
Akamai Revenue by Segment
Akamai Revenue by Geographic Location
Forward Guidance
This report does not contain forward guidance.