Akamai Technologies (AKAM) Tops Q1 EPS by 3c
Akamai Technologies (NASDAQ: AKAM) reported Q1 EPS of $0.66, $0.03 better than the analyst estimate of $0.63. Revenue for the quarter came in at $568 million versus the consensus estimate of $563.81 million.
"Q1 was a very solid quarter for Akamai on both the top and bottom lines, representing a great start to 2016," said Dr. Tom Leighton, Chief Executive Officer. "We delivered earnings that exceeded our expectations and saw continued strong revenue growth from our Cloud Security Solutions, which grew 47% year-over-year in constant currency."
Akamai delivered the following results for the first qu
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