Business
Akamai Reports Second Quarter 2020 Financial Results
Second quarter revenue of $795 million, up 13% year-over-year and up 14% when adjusted for foreign exchange* Cloud Security Solutions revenue grew 27%
About this update from Akamai Technologies, Inc.
[{"type":"text","content":"Second quarter revenue of $795 million, up 13% year-over-year and up 14% when adjusted for foreign exchange*\n Cloud Security Solutions revenue grew 27% year-over-year and 28% when adjusted for foreign exchange*\n GAAP EPS of $0.98, up 42% year-over-year, and non-GAAP EPS* of $1.38, up 29% year-over-year\n\n\nCAMBRIDGE, Mass., July 28, 2020 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, today reported financial results for the second quarter ended June 30, 2020.\n\n \n \n \n \n \n \n\n \n\"Akamai's outstanding top and bottom line results in the second quarter were powered by the strong growth of our Security and Media solutions and our continued operational excellence,\" said Dr. Tom Leighton, Akamai's chief executive officer. \"Amidst the ongoing humanitarian crisis associated with COVID-19, we are proud to be supporting our customers – and billions of internet users – with exceptional services when they need them most.\"\nAkamai delivered the following financial results for the second quarter ended June 30, 2020:\nRevenue: Revenue was $795 million, a 13% increase over second quarter 2019 revenue of $705 million and a 14% increase when adjusted for foreign exchange.*\nRevenue by Division(1):\nWeb Division revenue was $404 million, up 7% year-over-year and up 8% when adjusted for foreign exchange* Media and Carrier Division revenue was $390 million, up 19% year-over-year and up 20% when adjusted for foreign exchange*Revenue from Cloud Security Solutions(2):\nCloud Security Solutions revenue was $259 million, up 27% year-over-year and up 28% when adjusted for foreign exchange*Revenue from Internet Platform Customers(3):\nRevenue from Internet Platform Customers was $51 million, up 10% year-over-year and when adjusted for foreign exchange* Revenue excluding Internet Platform Customers was $744 million, up 13% year-over-year and up 14% when adjusted for foreign exchange*Revenue by Geography:\nU.S. revenue was $444 million, up 6% year-over-year International revenue was $351 million, up 22% year-over-year and up 24% when adjusted for foreign exchange*Income from operations: GAAP income from operations was $190 million, a 40% increase from second quarter 2019. GAAP operating margin for the second quarter was 24%, up 5 percentage points from the same period last ye...