Akamai Technologies (AKAM) adds 7% following strong Q1 earnings
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AKAMAI REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
May 9, 2023 4:00 PM EDTFirst quarter revenue of $916 million, up 1% year-over-year and up 4% when adjusted for foreign exchange*
Security and compute revenue represented 57% of total revenue in the first quarter and grew 13% year-over-year and 16% when adjusted for foreign exchange*
GAAP EPS of $0.62, down 24% year-over-year and down 18% when adjusted for foreign exchange*, and non-GAAP EPS* of $1.40, up 1% year-over-year and up 4% when adjusted for foreign exchange*
Guidance raised for full-year revenue and non-GAAP net income per diluted... More
