Akamai Q1 2024: Revenue $987M (+8% YoY); GAAP EPS $1.11, Non-GAAP $1.64; $2B buyback authorized

AKAMAI TECHNOLOGIES INC

2024-Q1 EPS reported $1.11 revenue$986,970,000

Revenue $987M (+8% YoY); Security $491M (+21%), Compute $145M (+25%), Delivery $352M (-11%).
GAAP EPS $1.11 (+79% YoY); Non-GAAP EPS $1.64 (+17% YoY).
Non-GAAP op margin 30% (+1ppt); Adj. EBITDA $417M (+11%).
Board authorized new $2.0B buyback program through June 30, 2027; Q1 repurchased $125M at avg $109.79.
FY2024 guidance: revenue $3.95B-$4.02B, non-GAAP EPS $6.20-$6.40; Q2 rev $967M-$986M.

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 0.9

AKAMAI TECHNOLOGIES INC reported first quarter ended March 31, 2024 results: revenue $987 million, net income GAAP net income per diluted share of $1.11, EPS GAAP net income per diluted share was $1.11.

Period: first quarter ended March 31, 2024
Revenue: $987 million
Net income: GAAP net income per diluted share of $1.11
EPS: GAAP net income per diluted share was $1.11
Result: reported results

Exact text from the filing

AKAMAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS First quarter revenue of $987 million

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Source: SEC EDGAR

accession 0001086222-24-000146

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