secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001086222-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000013/0001086222-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000013/akam-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001086222-24-000013

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