Akamai Q1 revenue $916M, GAAP EPS $0.62, non-GAAP EPS $1.40; raises full-year guidance

AKAMAI TECHNOLOGIES INC

2023-Q1 EPS reported $0.62 revenue$915,698,000

Security became Akamai's largest revenue stream for first time at $406M, up 6% YoY.
Compute revenue surged 49% YoY to $116M; Delivery declined 11% to $394M.
GAAP net income $97M (-27% YoY); non-GAAP net income $218M (-3% YoY).
Full-year 2023 revenue guidance raised to $3.740-3.785B; non-GAAP EPS to $5.69-5.84.
Recorded $45M restructuring charge for workforce reduction to prioritize growth areas.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AKAMAI TECHNOLOGIES INC updated its the fiscal quarter ended March 31, 2023 guidance (raised).

Period: the fiscal quarter ended March 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On May 9, 2023, Akamai Technologies, Inc. announced its financial results for the fiscal quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001086222-23-000185

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