secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001086222-24-000146
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000146/0001086222-24-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000146/akam-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001086222-24-000146

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