Akamai Technologies (AKAM) Tops Q4 EPS by 10c; New $1B Stock Buyback Approved
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February 9, 2016 4:03 PM EST
CAMBRIDGE, Mass., Feb. 9, 2016 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in Content Delivery Network services, today announced an evolution to its organizational structure aimed at increasing productivity and growth opportunities from its ongoing innovation and go-to-market initiatives.
Effective at the start of the second quarter of 2016, Akamai's current products and development organization and global sales, channels and marketing teams will be re-aligned into two divisions to focus on the company's Media and Web customers and solutions. Each division... More
February 9, 2016 4:02 PM EST
CAMBRIDGE, Mass., Feb. 9, 2016 /PRNewswire/ --
Fourth Quarter Highlights
Revenue of $579 million, up 8% year-over-year and up 11% adjusted for foreign exchange*
GAAP EPS of $0.49 per diluted share, down 9% year-over-year and down 5% when adjusted for foreign exchange*
Non-GAAP EPS* of $0.72 per diluted share, up 3% year-over-year and up 5% when adjusted for foreign exchange* (includes $0.06 per diluted share tax benefit from the reinstatement of the federal R&D tax credit)
Full-Year Highlights
Revenue of $2.2 billion, up 12% year-over-year and up 16% adjusted for foreign exchange*...
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