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Sep 30, 2021

Akamai Q3 2021 Earnings Report

Akamai's Q3 2021 financial results were reported, demonstrating revenue growth and strong performance in the security business.

Key Takeaways

Akamai reported a revenue of $860 million, a 9% increase year-over-year. The Security Technology Group's revenue grew by 26%, while the Edge Technology Group remained flat. GAAP EPS was $1.08, and non-GAAP EPS was $1.45.

Third quarter revenue reached $860 million, a 9% increase year-over-year.

Security Technology Group revenue grew by 26% year-over-year, reaching $335 million.

GAAP EPS increased by 14% year-over-year to $1.08, while non-GAAP EPS increased by 11% to $1.45.

The Board of Directors authorized a new $1.8 billion share repurchase program.

Total Revenue
$860M
Previous year: $793M
+8.5%
EPS
$1.45
Previous year: $1.31
+10.7%
Gross Profit
$543M
Previous year: $509M
+6.7%
Cash and Equivalents
$1.26B
Previous year: $743M
+70.3%
Free Cash Flow
$319M
Previous year: $221M
+44.3%
Total Assets
$8.12B
Previous year: $7.51B
+8.0%

Akamai

Akamai

Akamai Revenue by Segment

Akamai Revenue by Geographic Location

Forward Guidance

No forward guidance was provided in the release.