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Dec 31, 2020
Akamai Q4 2020 Earnings Report
Reported fourth quarter and full-year 2020 financial results.
Key Takeaways
Akamai's Q4 2020 revenue reached $846 million, a 10% increase year-over-year, with GAAP EPS at $0.68 and non-GAAP EPS at $1.33. The company's Cloud Security Solutions revenue exceeded $1 billion for the full year, growing 25% year-over-year. Akamai surpassed $3 billion in revenue and achieved record earnings per share for the full year.
Revenue for the fourth quarter was $846 million, up 10% year-over-year.
GAAP EPS for the fourth quarter was $0.68 and non-GAAP EPS was $1.33.
Cloud Security Solutions revenue for the fourth quarter was $296 million, up 24% year-over-year.
The company accomplished its 30% non-GAAP operating margin goal.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Akamai expects to continue investing in innovation and new products with the goal of accelerating its market leadership in security, edge computing and video streaming in 2021.
Positive Outlook
- Continued investment in innovation
- Focus on new products
- Accelerating market leadership in security
- Accelerating market leadership in edge computing
- Accelerating market leadership in video streaming
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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