Akamai reported a solid third quarter with revenue of $882 million, a 3% increase year-over-year. Security and compute revenue drove growth, representing 55% of total revenue with a 23% year-over-year increase.
Revenue reached $882 million, up 3% year-over-year (7% when adjusted for foreign exchange).
Security and compute revenue grew by 23% year-over-year (28% when adjusted for foreign exchange), comprising 55% of total revenue.
GAAP EPS was $0.68, a 37% decrease year-over-year (29% when adjusted for foreign exchange).
Non-GAAP EPS was $1.26, a 13% decrease year-over-year (7% when adjusted for foreign exchange).
Akamai anticipates that subsequent events and developments may cause these expectations and beliefs to change. However, while Akamai may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance