Akamai Technologies, Inc. AKAM reported better-than-expected second-quarter financial results on Thursday.Akamai Techs reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.53 per share. The company reported quarterly sales of $979.580 million which beat the analyst consensus estimate of $977.242 million.“Akamai delivered solid results in the second quarter highlighted by our strong bottom-line performance and continued strength in our security and cloud computing so ...

Key TakeawaysAkamai Technologies beat second-quarter profit and sales estimates on strong demand for its security and cloud computing products.Security revenue was up 15%, and compute revenue jumped 23%.The company raised its full-year adjusted EPS guidance. Shares of Akamai Technologies (AKAM) took off Friday, a day after the tech firm reported better-than-expected second-quarter results and raised its profit guidance on higher demand for its security and cloud computing products.  Akamai posted adjusted e ...

Akamai Technologies Inc. (AKAM) reported strong second-quarter 2024 results, with both the bottom and top lines surpassing the respective Zacks Consensus Estimate. The company recorded a top-line expansion year over year, driven by solid momentum in security and compute verticals in multiple end markets.Net IncomeGAAP net income improved to $131.7 million or 86 cents per share from $128.8 million or 84 cents per share in the year-ago quarter. The improvement was primarily attributed to year-over-year net sa ...

Akamai Technologies, Inc. (NASDAQ:AKAM) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mark Stoutenberg - Head of IR Tom Leighton - CEO & Co-Founder Ed McGowan - EVP, CFO Conference Call Participants Patrick Colville - Scotiabank Keith We iss - Morgan Stanley John DiFucci - Guggenheim Securities Mark Murphy - JPMorgan Madeline Brooks - Bank of America Alex Henderson - Needham Fatima Boolani - Citi Jonathan Ho - William Blair Timothy Horan - Oppenheimer Rudy Kessinger - D.A. ...

Akamai Technologies (AKAM) reported $979.58 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.7%. EPS of $1.58 for the same period compares to $1.49 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $976.44 million, representing a surprise of +0.32%. The company delivered an EPS surprise of +2.60%, with the consensus EPS estimate being $1.54.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Akamai Technologies (AKAM) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.60%. A quarter ago, it was expected that this cloud services provider would post earnings of $1.61 per share when it actually produced earnings of $1.64, delivering a surprise of 1.86%.Over the last four quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-Q ______________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-27275 _____________________________ ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contacts: Gina Sorice Mark Stoutenberg Media Relations Investor Relations Akamai Technologies Akamai Technologies 646-320-4107 857-227-4491 gsorice@akamai.com mstouten@akamai.com AKAMAI REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Second quarter revenue of $980 million, up 5% year-over-year and up 6% when adjusted for foreign exchange* Security and compute revenue represented 66% of total revenue in the second quarter and combined grew 17% year-overyear and 18% when adjus ...

Akamai Technologies, Inc. (AKAM) recently announced that it has joined forces with Datadog, Inc. (DDOG) to bolster the enterprise's cyber defense capabilities. Datadog, based in New York, offers an observability and security platform for cloud applications aiding businesses in their digital transformation. In this venture, Akamai aims to combine Akamai Zero Trust Solutions with Datadog's Cloud Security Information and Event Management (SIEM) system to improve the organization’s risk management process and r ...

Finding the best edge computing stocks often relies on seeing which company has the most successful specialized application of the technology. For example, the term edge computing can refer to cloud computing provided at the physical edges of a network, or it can refer to 5G networks that connect an internal network to a private server for off-site calculations.As such, investors should carefully consider the details of these niche applications, as not every company offering edge computing services is guara ...