Loading...
•
Dec 31, 2019
Akamai Q4 2019 Earnings Report
Akamai's Q4 2019 earnings exceeded expectations due to the growth of the cloud security business and robust seasonal traffic.
Key Takeaways
Akamai reported Q4 2019 revenue of $772 million, up 8% year-over-year, with Cloud Security Solutions revenue growing 29% year-over-year. GAAP EPS was $0.73, up 28% year-over-year, and non-GAAP EPS was $1.23, up 15% year-over-year.
Q4 revenue reached $772 million, reflecting an 8% year-over-year increase and a 9% increase when adjusted for foreign exchange.
Cloud Security Solutions revenue experienced substantial growth, increasing by 29% year-over-year.
GAAP EPS saw a significant rise, climbing 28% year-over-year to $0.73.
Non-GAAP EPS also increased, rising 15% year-over-year to $1.23.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Akamai is well-positioned to achieve its 30% non-GAAP operating margin goal in 2020, as it continues to invest in innovation and new products to drive future growth.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...