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Sep 30, 2020
Akamai Q3 2020 Earnings Report
Akamai's Q3 2020 financial results were reported, showing revenue growth and strong performance in security products.
Key Takeaways
Akamai reported excellent third-quarter results, driven by strong performance in security products and sustained high traffic levels on the Akamai Edge platform. Revenue increased by 12% year-over-year, with Cloud Security Solutions revenue growing by 23%. GAAP EPS was $0.95, up 13% year-over-year, and non-GAAP EPS was $1.31, up 19% year-over-year.
Third quarter revenue reached $793 million, a 12% increase year-over-year.
Cloud Security Solutions revenue grew by 23% year-over-year.
GAAP EPS increased by 13% year-over-year, reaching $0.95.
Non-GAAP EPS increased by 19% year-over-year, reaching $1.31.
Akamai
Akamai
Akamai Revenue by Segment
Akamai Revenue by Geographic Location
Forward Guidance
No forward guidance was provided in the earnings report.