AKAMAI REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS

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Akamai Technologies (AKAM) adds 7% following strong Q1 earnings

May 10, 2023 11:13 AM UTC

Akamai Technologies (NASDAQ: AKAM) shares jumped Wednesday morning after topping earnings, revenue and guidance consensus estimates.

The cybersecurity and cloud service company reported first-quarter earnings of $1.40 per share, $0.08 better than the analyst estimate of $1.32, while revenue for the quarter came in at $916 million versus the consensus estimate of $910.51 million.

AKAM shares are currently up more than 7% at $84.59 per share.

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Akamai Technologies (AKAM) Tops Q1 EPS by 8c, Offers Guidance

May 9, 2023 4:02 PM UTC

Akamai Technologies (NASDAQ: AKAM) reported Q1 EPS of $1.40, $0.08 better than the analyst estimate of $1.32. Revenue for the quarter came in at $916 million versus the consensus estimate of $910.51 million.

GUIDANCE:

Akamai Technologies sees Q2 2023 EPS of $1.38-$1.42, versus the consensus of $1.35.... More