Akamai Q2 revenue $980M (+5% YoY); security/compute grow 17%, delivery down 13%

AKAMAI TECHNOLOGIES INC

2024-Q2 EPS reported $1.97 revenue$1,966,550,000

GAAP EPS $0.86 (+2% YoY); non-GAAP EPS $1.58 (+6% YoY); cash from ops $431M (44% of rev).
Security revenue $499M (+15% YoY); compute revenue $151M (+23% YoY); combined 66% of total.
Delivery revenue $329M (-13% YoY); US revenue $509M (+6%), international $471M (+3%).
Q3 guide: rev $988M-$1,008M; non-GAAP EPS $1.56-$1.62. FY24 rev $3,970M-$4,010M; EPS $6.34-$6.47.
Repurchased $128M of stock in Q2 at avg $94.29; 152M shares outstanding.

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