Akamai Q3 revenue $965M (+9% YoY), raises FY23 revenue & EPS guidance

AKAMAI TECHNOLOGIES INC

2023-Q3 EPS reported $2.50 revenue$2,816,903,000

Q3 revenue $965M (+9% YoY); security+compute revenue 61% of total, up 20% combined.
GAAP diluted EPS $1.04 (+33% YoY); non-GAAP diluted EPS $1.63 (+29% YoY).
Raises full-year revenue guidance to $3.802-$3.822B and non-GAAP EPS to $6.08-$6.13.
Cash from operations $359M (37% of revenue); repurchased $113M of stock at avg $101.54.
Delivery revenue declined 4% YoY to $379M; international revenue grew 11% (9% FX-adj).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AKAMAI TECHNOLOGIES INC reported the third quarter ended September 30, 2023 results: revenue $965 million, net income $161 million, EPS $1.04. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $965 million
Net income: $161 million
EPS: $1.04
Guidance: raised
Result: reported results

Exact text from the filing

Technologies Akamai Technologies 646-320-4107 617-274-7130 gsorice@akamai.com tbarth@akamai.com AKAMAI REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS Third 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%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AKAMAI TECHNOLOGIES INC updated its the fourth quarter and full-year 2023 guidance (raised).

Period: the fourth quarter and full-year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

Guidance increased for full-year revenue and non-GAAP diluted EPS*

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

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Source: SEC EDGAR

accession 0001086222-23-000282

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