Akamai Q3 revenue $1.005B (+4% YoY); GAAP EPS $0.38, down 63%; guides Q4 revenue $995M-$1.02B

AKAMAI TECHNOLOGIES INC

2024-Q3 EPS reported $2.36 revenue$2,971,229,000

Revenue $1.005B, up 4% YoY; Security $519M (+14%), Compute $167M (+28%), Delivery $319M (-16%).
GAAP net income $58M ($0.38 diluted EPS) down 64% YoY; Non-GAAP net income $244M ($1.59) down 3%.
$82M restructuring charge primarily for severance and asset impairments from acquisitions.
Q4 guidance: revenue $995M-$1.02B, non-GAAP EPS $1.49-$1.56; full-year non-GAAP EPS $6.31-$6.38.
Cash from ops $393M (39% of revenue); repurchased 1.7M shares for $166M at avg $97.29.

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