Akamai Technologies (NASDAQ: AKAM) reported Q4 EPS of $1.07, $0.07 better than the analyst estimate of $1.00. Revenue for the quarter came in at $713 million versus the consensus estimate of $703.9 million.

Leadership Transition

Akamai also announced today a planned transition in leadership within the Company's finance organization. Ed McGowan, Senior Vice President of Finance, will succeed Jim Benson as Executive Vice President and Chief Financial Officer, effective March 1, 2019. After nine years at Akamai (and seven as Chief Financial Officer), Benson has decided to retire from Akamai to pursue his next set of challenges. He will serve as an Executive Advisor through an extended transition period. McGowan is an 18-year Akamai veteran who began his career at the Company in Finance and Sales Operations and then held executive roles in Corporate Development and Global Media and Carrier Sales.

"I am delighted to announce Ed's promotion to Executive Vice President and Chief Financial Officer at Akamai," said Leighton. "Ed is an accomplished finance executive with broad knowledge of our business, our customers and the industry. Having worked closely with Ed for many years, I look forward to benefiting from his experience and insights as we continue to deliver profitable growth for our shareholders."

"And on behalf of our Board of Directors and Akamai's entire team, I want to thank Jim for his leadership, strategic advice and immeasurable contributions over nearly a decade at the Company," added Leighton. "During his seven year tenure as Chief Financial Officer, he played a key role as Akamai more than doubled revenue to $2.7 billion and built a world class finance organization that has helped us drive strong earnings growth for shareholders. Jim has been a great business partner to me and our Board over the last nine years and his contributions to Akamai will be remembered for years to come."

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