Akamai Technologies (AKAM) Tops Q2 EPS by 3c
Akamai Technologies (NASDAQ: AKAM) reported Q2 EPS of $0.83, $0.03 better than the analyst estimate of $0.80. Revenue for the quarter came in at $663 million versus the consensus estimate of $661.98 million.
"We are very pleased with our second quarter performance, highlighted by outstanding growth in our security portfolio, further improvement in our Media and Carrier Division, overall margin expansion and very strong non-GAAP earnings growth of 34% year-over-year," said Dr. Tom Leighton, Chief Executive Officer.
- Revenue: Revenue was $663 million, a 9% increase over second quarter 2017 revenue of $606 million and an 8% increase when adjusted for foreign exchange.*
- Income from operations: GAAP income from operations was $57 million, a 33% decrease from second quarter 2017. GAAP operating margin for the second quarter was 9%, down 5 percentage points from the same period last year. The second quarter of 2018 was impacted by a one-time $50 million endowment to the Akamai Foundation.
- Non-GAAP income from operations* was $170 million, a 17% increase from second quarter 2017. Non-GAAP operating margin* for the second quarter was 26%, up 2 percentage points from the same period last year.
- Net income: GAAP net income was $43 million, a 24% decrease from second quarter 2017, which was also impacted by the Akamai Foundation endowment. Non-GAAP net income* was $143 million, a 34% increase from second quarter 2017.
- EPS: GAAP EPS was $0.25 per diluted share, a 24% decrease from second quarter 2017 and a 33% decrease when adjusted for foreign exchange.* Non-GAAP EPS was $0.83 per diluted share, a 34% increase from second quarter 2017 and a 32% increase when adjusted for foreign exchange.*
- Adjusted EBITDA*: Adjusted EBITDA was $262 million, an 18% increase from second quarter 2017. Adjusted EBITDA margin* was 39%, an increase of 2 percentage points as compared to the second quarter of 2017.
For earnings history and earnings-related data on Akamai Technologies (AKAM) click here.
