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Jun 30, 2021

Akamai Q2 2021 Earnings Report

Akamai's Q2 2021 financial performance was strong, driven by growth in security solutions.

Key Takeaways

Akamai reported Q2 2021 revenue of $853 million, a 7% increase year-over-year. Security Technology Group revenue grew by 25%, while Edge Technology Group revenue decreased by 1%. GAAP EPS was $0.94, and non-GAAP EPS was $1.42.

Second quarter revenue reached $853 million, reflecting a 7% year-over-year increase (5% when adjusted for foreign exchange).

Security Technology Group revenue increased by 25% year-over-year (22% when adjusted for foreign exchange), reaching $325 million.

Edge Technology Group revenue totaled $528 million, a 1% decrease year-over-year (4% when adjusted for foreign exchange).

GAAP EPS was reported at $0.94, a 4% decrease year-over-year, while non-GAAP EPS was $1.42, a 3% increase year-over-year.

Total Revenue
$853M
Previous year: $795M
+7.3%
EPS
$1.42
Previous year: $1.38
+2.9%
Gross Profit
$533M
Previous year: $518M
+2.9%
Cash and Equivalents
$581M
Previous year: $572M
+1.5%
Free Cash Flow
$271M
Previous year: $225M
+20.5%
Total Assets
$7.92B
Previous year: $7.22B
+9.6%

Akamai

Akamai

Akamai Revenue by Segment

Akamai Revenue by Geographic Location

Forward Guidance

No forward guidance was provided in the report.