Akamai Q4 2019 Earnings Report
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.
Akamai
Akamai
Akamai Revenue by Segment
Akamai 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income