Akamai Technologies (AKAM) Tops Q3 EPS by 13c; Raises Outlook
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AKAMAI REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
November 7, 2023 4:00 PM ESTThird quarter revenue of $965 million, up 9% year-over-year and when adjusted for foreign exchange*
Security and compute revenue represented 61% of total revenue in the third quarter and combined grew 20% year-over-year and 19% when adjusted for foreign exchange*
GAAP diluted EPS of $1.04, up 33% year-over-year and up 31% when adjusted for foreign exchange*, and non-GAAP diluted EPS* of $1.63, up 29% year-over-year and up 28% when adjusted for foreign exchange*
Guidance increased for full-year revenue and non-GAAP diluted EPS*
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