Akamai Q3 2022 Earnings Report
Key Takeaways
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
Akamai
Akamai Revenue by Segment
Akamai Revenue by Geographic Location
Forward Guidance
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.