secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001086222-23-000185
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622223000185/0001086222-23-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622223000185/akam-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001086222-23-000185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer