Earnings Summary: Akamai Technologies Reports Higher Sales and Profit in Q1 2024
Friday, 10 May 2024, 13:56
Earnings Summary: Akamai Technologies Reports Q1 2024 Financial Results
Cloud company Akamai Technologies, Inc. (NASDAQ: AKAM) has announced financial results for the first quarter of 2024, reporting higher sales and profit.
Key Highlights:
- Revenue: First-quarter revenue was $987 million, up 8% year-over-year.
- Segments Performance: Security and compute revenue represented 64% of total revenue in Q1, growing by 22% year-over-year.
- Delivery Revenue: Delivery revenue was $352 million in Q1, down 11% year-over-year.
- Earnings per Share: Q1 earnings per share came in at $1.11, up 79% year-over-year.
The post Earnings Summary: Akamai Technologies reports Q1 2024 financial results first appeared on AlphaStreet.
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