Akamai Technologies (AKAM) Tops Q1 EPS by 4c, Revs Beat

Akamai Technologies (NASDAQ: AKAM) reported Q1 EPS of $1.20, $0.04 better than the analyst estimate of $1.16. Revenue for the quarter came in at $764 million versus the consensus estimate of $749.76 million.

"During these unprecedented times, I am very proud of how Akamai employees continue to support our customers, our communities, and each other, and my heart goes out to those most deeply impacted by the COVID-19 crisis," said Dr. Tom Leighton, CEO of Akamai. "We achieved excellent results in the first quarter driven by continued strength in our security solutions and stronger than expected traffic growth. Akamai\'s Intelligent Edge Platform is uniquely positioned to help the Internet scale quickly and is a lifeline for organizations and people around the globe during this challenging time."

For earnings history and earnings-related data on Akamai Technologies (AKAM) click here.

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