PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents Akamai's unaudited condensed consolidated financial statements for Q1 2025, including balance sheets, income, cash flows, and stockholders' equity with notes [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, Akamai's total assets were $9.98 billion, a decrease from $10.37 billion at year-end 2024, primarily driven by a reduction in marketable securities Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $2,374,971 | $2,578,097 | | **Total Assets** | **$9,982,190** | **$10,368,785** | | **Total Current Liabilities** | $2,016,529 | $2,091,323 | | **Total Liabilities** | **$5,397,629** | **$5,490,428** | | **Total Stockholders' Equity** | **$4,584,561** | **$4,878,357** | [Condensed Consolidated Statements of Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) For the three months ended March 31, 2025, Akamai reported revenue of $1.015 billion, a 3% increase, but higher costs and taxes led to a 30% decrease in net income to $123.2 million Q1 2025 vs. Q1 2024 Income Statement (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Revenue** | $1,015,139 | $986,970 | | **Income from Operations** | $154,583 | $166,728 | | **Net Income** | $123,171 | $175,418 | | **Diluted EPS** | $0.82 | $1.11 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In Q1 2025, net cash from operating activities decreased to $251.2 million, while investing activities provided $876.8 million, and financing activities used $552.3 million due to increased stock repurchases Cash Flow Summary for the Three Months Ended March 31 (in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $251,200 | $351,878 | | **Net cash provided by (used in) investing activities** | $876,846 | $(151,583) | | **Net cash used in financing activities** | $(552,250) | $(215,981) | | **Net increase (decrease) in cash** | $581,227 | $(19,699) | [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed disclosures supporting the financial statements, covering revenue, convertible notes, share repurchases, and the effective income tax rate Revenue by Solution Category (in thousands) | Solution Category | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Security | $530,695 | $490,681 | | Delivery | $318,988 | $351,758 | | Cloud computing | $165,456 | $144,531 | | **Total revenue** | **$1,015,139** | **$986,970** | - The company has three outstanding convertible senior notes (2029, 2027, 2025) with a total par value of **$3.565 billion**, with the 2025 Notes, principal **$1.15 billion**, repaid on May 1, 2025[41](index=41&type=chunk) - The effective income tax rate was **29.0%** for Q1 2025, significantly higher than **6.8%** in Q1 2024, primarily due to a shortfall in stock-based compensation tax benefits and decreased foreign income taxed at lower rates[71](index=71&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results, focusing on revenue drivers, operating expenses, liquidity, and non-GAAP financial measures [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Total revenue increased 3% (4% at constant currency) YoY to $1.015 billion, driven by Security and Cloud Computing, while Delivery revenue declined, and cost of revenue increased due to network investments Revenue by Solution Category - Q1 2025 vs Q1 2024 (in thousands) | Solution | 2025 | 2024 | % Change | % Change at Constant Currency | | :--- | :--- | :--- | :--- | :--- | | Security | $530,695 | $490,681 | 8% | 10% | | Delivery | $318,988 | $351,758 | (9)% | (8)% | | Cloud computing | $165,456 | $144,531 | 14% | 15% | | **Total revenue** | **$1,015,139** | **$986,970** | **3%** | **4%** | - The decline in delivery solutions revenue was attributed to downward pricing on contract renewals and a large social media customer reducing traffic on Akamai's network due to cost optimization and 'do-it-yourself' initiatives[90](index=90&type=chunk) - Cost of revenue increased primarily due to higher co-location fees (**+15%**) and depreciation of network equipment (**+19%**) related to investments in the company's compute platform[93](index=93&type=chunk)[96](index=96&type=chunk) [Use of Non-GAAP Financial Measures](index=33&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) The company provides non-GAAP financial measures, including non-GAAP income from operations and Adjusted EBITDA, to offer a clearer understanding of ongoing business performance Reconciliation of GAAP Net Income to Non-GAAP Net Income (in thousands) | Description | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **GAAP Net income** | **$123,171** | **$175,418** | | Amortization of acquired intangible assets | $27,637 | $21,023 | | Stock-based compensation | $111,978 | $93,260 | | Other adjustments (net) | $5,347 | $12,321 | | Income tax effect of adjustments | $(11,797) | $(46,727) | | **Non-GAAP net income** | **$256,096** | **$255,495** | Key Non-GAAP Metrics | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Non-GAAP operating margin | 30% | 30% | | Adjusted EBITDA margin | 43% | 42% | | Non-GAAP net income per diluted share | $1.70 | $1.64 | [Liquidity and Capital Resources](index=37&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2025, Akamai held $1.3 billion in cash, cash equivalents, and marketable securities, having repaid $1.15 billion in notes and repurchased $500.0 million in shares - The company repurchased **6.2 million shares** of its common stock for **$500.0 million** during the three months ended March 31, 2025[136](index=136&type=chunk)[137](index=137&type=chunk) - The company repaid **$1.15 billion** of convertible senior notes at maturity in May 2025 and subsequently borrowed **$250.0 million** under its 2022 Credit Agreement in April 2025[138](index=138&type=chunk)[140](index=140&type=chunk) - Net cash from operations decreased to **$251.2 million** in Q1 2025 from **$351.9 million** in Q1 2024, due to timing of collections, payroll, and higher tax payments[134](index=134&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company outlines its primary market risks, including interest rate, foreign currency, and credit risks, with a strengthening U.S. dollar negatively impacting reported revenue - The company's primary market risks are interest rate fluctuations on its investment portfolio and variable-rate debt, foreign currency translation and transaction exposure from international operations, and credit risk from accounts receivable[148](index=148&type=chunk)[151](index=151&type=chunk)[155](index=155&type=chunk) - A strengthening U.S. dollar negatively impacts the company's consolidated revenue results due to the translation of foreign currency-denominated transactions[151](index=151&type=chunk)[153](index=153&type=chunk) - As of March 31, 2025, there were no outstanding borrowings under the company's revolving credit facilities, but **$250.0 million** was borrowed in April 2025, exposing the company to variable interest rate risk[150](index=150&type=chunk) [Item 4. Controls and Procedures](index=40&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of March 31, 2025, the company's disclosure controls and procedures were effective at the reasonable assurance level[156](index=156&type=chunk) - No material changes occurred in the company's internal control over financial reporting during the quarter ended March 31, 2025[157](index=157&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=41&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine litigation but does not anticipate any material adverse effects on its business, financial condition, or cash flows - Akamai is party to various routine litigation and governmental proceedings but does not expect any to have a material effect on its business or financial condition[158](index=158&type=chunk) [Item 1A. Risk Factors](index=41&type=section&id=Item%201A.%20Risk%20Factors) Details significant risks to Akamai's business, including revenue growth, competition, cybersecurity, global operations, and customer DIY shifts - Slowing revenue growth is a key risk, with delivery solutions facing pricing pressure and traffic reduction from major customers, such as a large social media company implementing a DIY strategy[160](index=160&type=chunk)[161](index=161&type=chunk) - The company faces intense competition, particularly in cloud computing where established large competitors have greater resources and market recognition[172](index=172&type=chunk)[173](index=173&type=chunk) - Cybersecurity breaches, attacks, and system defects pose significant risks, which could lead to service disruptions, loss of customers, and reputational damage, with acquired companies like Linode presenting ongoing security challenges[183](index=183&type=chunk)[197](index=197&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=56&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's common stock repurchases during Q1 2025, totaling 6,158,235 shares for approximately $500 million under its repurchase program Issuer Purchases of Equity Securities - Q1 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 2025 | 53,123 | $90.15 | | Feb 2025 | 1,777,588 | $78.86 | | Mar 2025 | 4,327,524 | $82.03 | | **Total** | **6,158,235** | **$81.19** | - The repurchases were made under the **$2.0 billion** share repurchase program authorized in May 2024, which runs through June 2027[244](index=244&type=chunk) [Item 5. Other Information](index=56&type=section&id=Item%205.%20Other%20Information) During Q1 2025, three executive officers adopted Rule 10b5-1 trading arrangements for the potential sale of company securities - Three executives, Kimberly Salem Jackson (CMO), Robert Blumofe (CTO), and Paul C. Joseph (EVP, Global Sales), adopted Rule 10b5-1 trading plans for the sale of company stock during the quarter[245](index=245&type=chunk) [Item 6. Exhibits](index=57&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and interactive data files in Inline XBRL format - The filing includes required certifications from the Chief Executive Officer and Chief Financial Officer pursuant to the Sarbanes-Oxley Act of 2002[246](index=246&type=chunk) - The financial statements and notes are submitted in an interactive data format using Inline XBRL, as detailed in Exhibit 101[246](index=246&type=chunk)

Core Viewpoint - Akamai Technologies, Inc. reported strong first-quarter 2025 results, with adjusted earnings and revenues exceeding expectations, driven by robust demand across various markets, particularly for its Guardicore platform and cloud services [1] Financial Performance - GAAP net income decreased to $123.2 million or $0.82 per share from $175.4 million or $1.11 per share year-over-year, impacted by high operating expenses [2] - Non-GAAP net income was $256.1 million or $1.70 per share, slightly up from $255.5 million or $1.64 per share a year ago, beating the Zacks Consensus Estimate by $0.12 [2] - Quarterly net sales reached $1.02 billion, a 3% increase from $987 million in the previous year, surpassing the Zacks Consensus Estimate of $1 billion [2] Revenue Breakdown - Security Technology Group revenues were $530.7 million, an 8% increase from $490.7 million year-over-year, driven by demand for Guardicore Segmentation Solution and API security solutions [3] - Delivery segment revenues declined to $319 million from $351.8 million year-over-year but exceeded estimates [4] - Compute segment revenues increased to $165.5 million from $144.5 million in the prior year, supported by enterprise customer traction and deal wins [5] Geographic Performance - U.S. net sales were $528.7 million, up 3% year-over-year, while international revenues totaled $486.4 million, an increase from $474.6 million in the previous year [6] Operating Expenses and Margins - Total operating expenses rose to $860.6 million from $820.2 million year-over-year, while non-GAAP income from operations improved to $307 million with a margin of 30% [7] - Adjusted EBITDA increased to $441.3 million from $417.2 million in the previous year [7] Cash Flow and Share Repurchase - Akamai generated $251.2 million in cash from operating activities, down from $351.9 million in the prior year [8] - The company had $1.09 billion in cash and cash equivalents as of March 31, 2025, and repurchased approximately 6.2 million shares for around $500 million during the quarter [8] Future Outlook - For Q2 2025, Akamai expects revenues between $1.012 billion and $1.032 billion, with a non-GAAP operating margin projected at 28% [10] - Non-GAAP earnings are forecasted to be between $1.52 and $1.58 per share, with capital expenditure expected to be around 22% to 23% of projected total revenues [11] - For the full year 2025, revenues are anticipated to be between $4.050 billion and $4.2 billion, with non-GAAP earnings projected at $6.10 to $6.40 per share [12]

Core Insights - Akamai Technologies reported revenue of $1.02 billion for the quarter ended March 2025, reflecting a year-over-year increase of 2.9% [1] - The company's EPS for the quarter was $1.70, up from $1.64 in the same quarter last year, exceeding the consensus estimate of $1.58 by 7.59% [1] Revenue Breakdown - International revenue was $486.40 million, slightly below the average estimate of $489.92 million, with a year-over-year change of +2.5% [4] - United States revenue reached $528.74 million, surpassing the average estimate of $523.19 million, marking a year-over-year increase of +3.2% [4] - Security revenue was reported at $530.70 million, below the average estimate of $538.25 million, with a year-over-year growth of +8.2% [4] - Compute revenue stood at $165.46 million, slightly below the estimated $168.06 million, showing a significant year-over-year increase of +14.5% [4] - Delivery revenue was $318.99 million, which was lower than the estimated $302.31 million, reflecting a year-over-year decline of -9.3% [4] Stock Performance - Over the past month, shares of Akamai Technologies have returned +8.5%, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Akamai Technologies (AKAM) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.59%. A quarter ago, it was expected that this cloud services provider would post earnings of $1.52 per share when it actually produced earnings of $1.66, delivering a surprise of 9.21%.Over the last four quar ...

Financial Data and Key Metrics Changes - First quarter revenue reached $1,015 million, representing a 3% year-over-year increase and a 4% increase in constant currency [5][24] - Non-GAAP operating margin was reported at 30%, exceeding guidance [5] - Non-GAAP earnings per share (EPS) was $1.7, up 4% year-over-year and 6% in constant currency, surpassing the high end of guidance [5][26] - Total Q1 CapEx was $226 million, accounting for 22% of revenue [26] Business Line Data and Key Metrics Changes - Security and compute combined accounted for 69% of total revenue, growing 10% year-over-year as reported and 11% in constant currency [6][24] - Compute revenue grew to $165 million, a 14% year-over-year increase as reported and 15% in constant currency [24] - Security revenue was $531 million, growing 8% year-over-year as reported and 10% in constant currency [24] - Delivery revenue was $319 million, down 9% year-over-year as reported and down 8% in constant currency [24] Market Data and Key Metrics Changes - International revenue was $486 million, up 2% year-over-year or 5% in constant currency, representing 48% of total revenue [25] - Foreign exchange fluctuations negatively impacted revenue by $5 million sequentially and $14 million year-over-year [25] Company Strategy and Development Direction - Akamai is transforming from a CDN pioneer into a cybersecurity and cloud computing company [6] - The company is focusing on enhancing its security offerings, particularly in API security and Guardicore segmentation solutions [6][9] - New product introductions, such as the firewall for AI, are aimed at addressing emerging threats in AI applications [10][11] - The sales transformation efforts are on track, with a focus on new customer acquisition and longer-term contracts [19][65] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential recession impacts on bookings later in the year [20][21] - The company anticipates a $10 million impact from tariffs in 2025, amortized over six years [20] - Akamai expects to maintain revenue growth and healthy margins despite heightened economic volatility [36] Other Important Information - Akamai was recognized as one of the most trustworthy companies in America by Newsweek [22] - The company has approximately $1.3 billion in cash, cash equivalents, and marketable securities [27] Q&A Session Summary Question: What drove the upside in delivery revenue? - Management indicated that traffic growth was the primary driver, with strong performance across various sub-verticals [40][41] Question: How did security revenue perform in Q1? - Security revenue met internal expectations, with strong growth in API security and Guardicore solutions [43][45] Question: What role can Akamai play with AgenTeq AI and the AI firewall? - Akamai aims to protect AI applications from various attacks and ensure they do not ingest harmful information [48][50] Question: What differentiates Akamai in the segmentation market? - Akamai's scale, ease of use, and trustworthiness set it apart in the market, particularly for large enterprises [58][60] Question: What are the expectations for compute growth? - The growth in compute is driven by cloud infrastructure services, with expectations of 40-45% ARR growth [86]

Financial Data and Key Metrics Changes - First quarter revenue reached $1,015 million, representing a 3% year-over-year increase and a 4% increase in constant currency [4][23] - Non-GAAP operating margin was reported at 30%, exceeding guidance [4] - Non-GAAP earnings per share (EPS) was $1.7, up 4% year-over-year and up 6% in constant currency, surpassing the high end of guidance [4][26] - Total Q1 CapEx was $226 million, accounting for 22% of revenue [26] Business Line Data and Key Metrics Changes - Security and compute combined accounted for 69% of total revenue, growing 10% year-over-year as reported and 11% in constant currency [5][24] - Security revenue was $531 million, growing 8% year-over-year as reported and 10% in constant currency [24] - Compute revenue grew to $165 million, a 14% year-over-year increase as reported and 15% in constant currency [23][24] - Delivery revenue was $319 million, down 9% year-over-year as reported and down 8% in constant currency [24] Market Data and Key Metrics Changes - International revenue was $486 million, up 2% year-over-year or 5% in constant currency, representing 48% of total revenue [24] - Foreign exchange fluctuations negatively impacted revenue by $5 million sequentially and $14 million year-over-year [24] Company Strategy and Development Direction - Akamai is transforming from a CDN pioneer into a cybersecurity and cloud computing company, focusing on security solutions like Guardicore and API security [5][6] - The company introduced new products such as the firewall for AI, aimed at protecting AI applications from emerging threats [10][11] - Akamai aims to enhance its edge computing capabilities with the introduction of a managed container service [17] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential recession impacts on bookings later in the year, although no current impacts were noted [20] - The company expects to lose a few million dollars in revenue in the latter half of 2025 due to federal cutbacks, but sees potential for increased revenue from solutions that generate savings for federal agencies [21] - Akamai remains committed to maintaining strong customer relationships and trust, which are core values for the company [22] Other Important Information - Akamai's capital allocation strategy includes share buybacks, with approximately $1.5 billion remaining on the current repurchase authorization [27] - The company completed the migration of Edgeio customers to its platform, expecting revenue contributions from Edgeio to remain between $85 million to $105 million for 2025 [28] Q&A Session Summary Question: What drove the upside in delivery revenue? - Management indicated that traffic growth was the primary driver, with strong performance across various sub-verticals [38][39] Question: How did security revenue perform in March? - Security revenue met internal expectations, with growth driven by strong API security and Guardicore performance [41][42] Question: What role can Akamai play with AgenTic AI and its AI firewall? - Akamai's AI firewall is designed to protect AI applications from various attacks, ensuring the integrity of AI agents and their data [47][50] Question: What differentiates Akamai's segmentation product in the market? - Akamai's scale, ease of use, and trustworthiness set it apart, allowing it to protect large enterprises effectively [56][60] Question: What are the expectations for security revenue growth? - Management expects security revenue growth of approximately 10% in constant currency for 2025, driven by strong demand for segmentation and API security solutions [34][90]

Revenue and Growth - First quarter revenue was $1.015 billion, a 3% increase year-over-year and a 4% increase when adjusted for foreign exchange[2]. - Total revenue for Q1 2025 was $1,015,139, representing a year-over-year growth of 3% compared to $986,970 in Q1 2024[14]. - Security and cloud computing revenue represented 69% of total revenue, growing 10% year-over-year and 11% when adjusted for foreign exchange[1]. - Security revenue was $531 million, up 8% year-over-year, while Cloud computing revenue grew by 14% to $165,456[14]. Income and Earnings - GAAP net income per diluted share was $0.82, down 26% year-over-year, while non-GAAP net income per diluted share was $1.70, up 4% year-over-year[6]. - Net income for Q1 2025 was $123,171, a decrease of 30% from $175,418 in Q1 2024[13]. - Non-GAAP net income for Q1 2025 was $256,096, slightly up from $255,495 in Q1 2024[19]. - GAAP net income per diluted share for Q1 2025 was $0.82, down from $1.11 in Q1 2024, reflecting a decrease of 26.1%[21]. - Non-GAAP net income per diluted share for Q1 2025 was $1.70, compared to $1.64 in Q1 2024, representing an increase of 3.7%[21]. Operating Performance - GAAP income from operations was $155 million, a 7% decrease from the previous year, with a GAAP operating margin of 15%[3]. - The company reported a GAAP operating margin of 15% for Q1 2025, down from 17% in Q1 2024[19]. - Non-GAAP adjusted EBITDA was $441 million, a 6% increase from the previous year[6]. - Adjusted EBITDA for Q1 2025 was $441.3 million, up from $417.2 million in Q1 2024, indicating a growth of 5.8%[23]. - The adjusted EBITDA margin for Q1 2025 was 43%, slightly up from 42% in Q4 2024[23]. Cash Flow and Capital Expenditures - Cash from operations for the first quarter was $251 million, representing 25% of revenue[7]. - Cash provided by operating activities in Q1 2025 was $251,200, down from $351,878 in Q1 2024[13]. - Total capital expenditures for Q1 2025 were $225,900, which is 22% of total revenue[16]. - Cash, cash equivalents, and restricted cash at the end of Q1 2025 totaled $1,100,311, up from $470,771 in Q1 2024[13]. Shareholder Actions and Financial Guidance - The company plans to repurchase $500 million worth of shares, acquiring 6.2 million shares at an average price of $81.19 per share[7]. - Financial guidance for Q2 2025 projects revenue between $1.012 billion and $1.032 billion, with non-GAAP net income per diluted share expected to be between $1.52 and $1.58[8]. Assets and Liabilities - Total assets as of March 31, 2025, were $9.982 billion, a decrease from $10.368 billion at the end of 2024[11]. Employee and Compensation Metrics - The number of employees at the end of Q1 2025 was 10,811, an increase from 10,533 in Q1 2024[16]. - Stock-based compensation for Q1 2025 amounted to $112.0 million, increasing from $93.3 million in Q1 2024, which is a rise of 20.0%[23]. - Amortization of acquired intangible assets for Q1 2025 was $27.6 million, compared to $21.0 million in Q1 2024, reflecting a growth of 31.4%[23]. Market and Economic Considerations - Management emphasizes the importance of foreign currency exchange rates in understanding financial results and performance comparisons[41]. - The dollar impact of foreign currency exchange rates is calculated by translating current period results using monthly average rates from the comparative period[41]. - Akamai's forward-looking statements include expectations about future financial performance and growth objectives, with potential risks highlighted[42]. - Actual results may differ materially from forward-looking statements due to various factors, including competition and macroeconomic trends[42]. - Akamai anticipates that subsequent events may change its expectations and beliefs, but disclaims any obligation to update forward-looking statements[43].

First quarter revenue of $1.015 billion, up 3% year-over-year and up 4% when adjusted for foreign exchange*Security and cloud computing revenue represented 69% of total revenue in the first quarter and combined grew 10% year-over-year and 11% when adjusted for foreign exchange*GAAP net income per diluted share of $0.82, down 26% year-over-year and down 23% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $1.70, up 4% year-over-year and up 6% when adjusted for foreign exchan ...

Core Insights - Akamai Technologies has announced a strategic partnership with FPT Corporation to enhance cloud application deployment and optimization on Akamai Cloud [1][2] - The collaboration aims to leverage FPT's expertise in cloud migration, AI, and automation alongside Akamai's robust platform to deliver value to customers [2][3] Company Overview - FPT Corporation operates in 30 countries, with a significant presence in the Americas, employing over 1,000 professionals since entering the region in 2008 [4] - In 2024, FPT's global IT services achieved a 27.4% year-on-year revenue increase, contributing 79% of its total technology revenue and 91% of its pre-tax profit [4] - FPT reported a total revenue of USD 2.47 billion in 2024, with a workforce exceeding 54,000 employees [7] Partnership Details - The partnership will enable organizations to optimize multi-cloud and distributed environments, enhancing performance and cost efficiencies [2][3] - FPT and Akamai demonstrated AI capabilities at the 2025 NAB Show, showcasing how AI can transform media archives into monetizable assets [3] Financial Performance - FPT reported a robust first-quarter performance in 2025, with revenue increasing by 13.9% and profit before tax up 19.4% year-on-year [4] - The technology sector remains a key growth driver for FPT, achieving a 15.3% year-on-year increase, supported by a 17% rise in revenue from global IT services [4]

Akamai Technologies, Inc. (AKAM) is scheduled to release first-quarter 2025 results on May 8, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 9.21%. It pulled off a trailing four-quarter earnings surprise of 3.42%, on average. The company is expected to report higher revenues year over year, backed by healthy demand in security and compute verticals across multiple end markets. Management’s focus on expanding its product portfolio to cater to advanced use ...