Akamai Technologies (AKAM) misses Q4 revenue estimates, shares slide
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AKAMAI REPORTS FOURTH QUARTER 2023 AND FULL-YEAR 2023 FINANCIAL RESULTS
February 13, 2024 4:00 PM ESTFourth quarter highlights
Revenue of $995 million, up 7% year-over-year and when adjusted for foreign exchange*Security and compute revenue represented 61% of total revenue in the fourth quarter and grew 18% year-over-year and 17% when adjusted for foreign exchange*GAAP net income per diluted share of $1.03, up 26% year-over-year and up 24% when adjusted for foreign exchange*, and non-GAAP net income per diluted shared* of $1.69, up 23% year-over-year and up 22% when adjusted for foreign exchange*Full-year highlights
Revenue of $3.812 billion, up 5% year-over-year... More