Akamai Technologies (AKAM) PT Raised to $100 at RBC Capital

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Go back to Akamai Technologies (AKAM) PT Raised to $100 at RBC Capital

AKAMAI REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS

August 8, 2024 4:00 PM EDT

Second quarter revenue of $980 million, up 5% year-over-year and up 6% when adjusted for foreign exchange*

Security and compute revenue represented 66% of total revenue in the second quarter and combined grew 17% year-over-year and 18% when adjusted for foreign exchange*

GAAP net income per diluted share of $0.86, up 2% year-over-year and up 6% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $1.58, up 6% year-over-year and up 9% when adjusted for foreign exchange*

CAMBRIDGE, Mass., Aug. 8, 2024... More