Akamai Technologies (AKAM) Misses Q1 EPS by 3c

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Go back to Akamai Technologies (AKAM) Misses Q1 EPS by 3c

AKAMAI REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS

May 3, 2022 4:01 PM EDT

First quarter revenue of $904 million, up 7% year-over-year and up 9% when adjusted for foreign exchange*

Security and Compute revenue represented the majority of total revenue in the first quarter and grew 25% year-over-year and 27% when adjusted for foreign exchange*

Security revenue of $382 million, up 23% year-over-year and up 26% when adjusted for foreign exchange*

Compute revenue of $78 million, up 32% year-over-year and up 35% when adjusted for foreign exchange*

GAAP EPS of $0.73, down 22% year-over-year, and non-GAAP EPS* of $1.39, up 1%... More