Akamai (AKAM) Q4 Earnings Beat Estimates on Higher Revenues

Akamai Technologies, Inc. (AKAM) reported modest fourth-quarter 2023 results, with the bottom surpassing the Zacks Consensus Estimate but the top line missing the same. The company recorded higher revenues year over year, driven by solid momentum in security and compute verticals. Growing adoption of API security solutions in various industries and healthy demand for Akamai Connected Cloud drove the top line.Net IncomeGAAP net income improved to $161.2 million or $1.03 per share from $128.8 million or 82 ce ...