Akamai Q4 revenue $995M (+7% YoY); GAAP EPS $1.03, non-GAAP $1.69; guides Q1 rev $980-1,000M

AKAMAI TECHNOLOGIES INC

2023-FY EPS reported $3.52 revenue$3,811,920,000

Q4 revenue $995M (+7% YoY); GAAP diluted EPS $1.03 (+26%); non-GAAP diluted EPS $1.69 (+23%).
Full-year 2023 revenue $3.812B (+5%); security & compute now 60% of total revenue, growing 17% and 24% respectively.
Q1 2024 guidance: revenue $980M-$1,000M; non-GAAP EPS $1.59-$1.64; full-year 2024 revenue growth 6-8% (constant currency).
Q4 share repurchases $55M (0.5M shares at avg $110.75); full-year $654M (7.8M shares at $83.83).
Cash from operations Q4 $389M (39% of revenue); ending cash $2.3B.

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 full-year ended December 31, 2023 results: revenue $3.812 billion, net income $548 million, EPS $3.52.

Period: the full-year ended December 31, 2023
Revenue: $3.812 billion
Net income: $548 million
EPS: $3.52
Result: reported results

Exact text from the filing

Total revenue for 2023 was $3.812 billion compared to $3.617 billion for 2022, up 5% year-over-year and up 6% when adjusted for foreign exchange.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AKAMAI TECHNOLOGIES INC reported the fourth quarter and full-year ended December 31, 2023 results: revenue $995 million, net income $161 million, EPS $1.03.

Period: the fourth quarter and full-year ended December 31, 2023
Revenue: $995 million
Net income: $161 million
EPS: $1.03
Result: reported results

Exact text from the filing

646-320-4107 617-274-7130 gsorice@akamai.com tbarth@akamai.com AKAMAI REPORTS FOURTH QUARTER 2023 AND FULL-YEAR 2023 FINANCIAL RESULTS Fourth 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

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AKAMAI TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001086222-24-000013

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