Business
AKAMAI REPORTS FOURTH QUARTER 2022 AND FULL-YEAR 2022 FINANCIAL RESULTS
Fourth quarter highlights Revenue of $928 million, up 2% year-over-year and up 6% when adjusted for foreign exchange*Security and compute revenue represented
About this update from Akamai Technologies, Inc.
[{"type":"text","content":"Fourth quarter highlights\nRevenue of $928 million, up 2% year-over-year and up 6% when adjusted for foreign exchange*Security and compute revenue represented 55% of total revenue in the fourth quarter and grew 18% year-over-year and 22% when adjusted for foreign exchange*GAAP EPS of $0.82, down 15% year-over-year and down 8% when adjusted for foreign exchange*, and non-GAAP EPS* of $1.37, down 8% year-over-year and down 2% when adjusted for foreign exchange*Full-year highlights\nRevenue of $3.617 billion, up 4% year-over-year and up 8% when adjusted for foreign exchange*Security and compute revenue represented 54% of total revenue in 2022 and grew 23% year-over-year and 27% when adjusted for foreign exchange*GAAP EPS of $3.26, down 17% year-over-year and down 9% when adjusted for foreign exchange*, and non-GAAP EPS* of $5.37, down 6% year-over-year and down 1% when adjusted for foreign exchange*CAMBRIDGE, Mass., Feb. 14, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today reported financial results for the fourth quarter and full-year ended December 31, 2022.\n\n \n \n \n \n \n \n\n \n\"We are pleased with our fourth quarter results which were driven by strong seasonal traffic, the continued success of our security solutions and the growth of our cloud computing solutions\", said Dr. Tom Leighton, Akamai's chief executive officer. \"As we look forward to 2023, we are optimistic about our leadership position as the most widely distributed cloud platform with leading solutions for delivery, security and cloud computing.\"\nAkamai delivered the following results for the fourth quarter and full-year ended December 31, 2022:\nRevenue: Revenue for the fourth quarter was $928 million, a 2% increase over fourth quarter 2021 revenue of $905 million and a 6% increase when adjusted for foreign exchange.* Total revenue for 2022 was $3.617 billion compared to $3.461 billion for 2021, up 4% year-over-year and up 8% when adjusted for foreign exchange.*\nRevenue by solution:\nSecurity revenue for the fourth quarter was $400 million, up 10% year-over-year and up 14% when adjusted for foreign exchange.* Security revenue for 2022 was $1.542 billion, up 16% year-over-year and up 20% when adjusted for foreign exchange.*Delivery revenue for the fourth quarter was $415 million, ...