Akamai Technologies (AKAM) Tops Q3 EPS by 10c

Akamai Technologies (NASDAQ: AKAM) reported Q3 EPS of $1.10, $0.10 better than the analyst estimate of $1.00. Revenue for the quarter came in at $710 million versus the consensus estimate of $701.27 million.

"Akamai delivered another strong quarter, with revenue, margin and earnings exceeding our expectations. Security product revenue grew 29% when adjusted for foreign exchange and we saw continued strong traffic growth on the Akamai Edge platform," said Dr. Tom Leighton, Akamai\'s Chief Executive Officer. "We believe we are well-positioned for a strong finish to 2019 and reiterate our commitment to achieve a 30% operating margin in 2020, while continuing to invest in innovation and new products to drive future growth."

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

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