Business
AKAMAI REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS
Second quarter revenue of $936 million, up 4% year-over-year and up 4% when adjusted for foreign exchange* Security and compute revenue represented 59% of
About this update from Akamai Technologies, Inc.
[{"type":"text","content":"Second quarter revenue of $936 million, up 4% year-over-year and up 4% when adjusted for foreign exchange*\nSecurity and compute revenue represented 59% of total revenue in the second quarter and grew 14% year-over-year and 15% when adjusted for foreign exchange*\nGAAP diluted EPS of $0.84, down 1% year-over-year and up 1% when adjusted for foreign exchange*, and non-GAAP diluted EPS* of $1.49, up 10% year-over-year and up 11% when adjusted for foreign exchange*\nGuidance increased for full-year revenue and non-GAAP net income per diluted share*\nCAMBRIDGE, Mass., Aug. 8, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today reported financial results for the second quarter ended June 30, 2023.\n\n \n \n \n \n \n \n\n \n\"Akamai delivered excellent results in the second quarter driven by the strength of our security solutions and our continued improvements in operating efficiency,\" said Dr. Tom Leighton, Akamai's Chief Executive Officer. \"Building on our solid momentum from the first two quarters, we are increasing our guidance for revenue and earnings for the remainder of the year, while continuing to invest in key growth areas of security and cloud computing.\"\nAkamai delivered the following results for the second quarter ended June 30, 2023:\nRevenue: Revenue was $936 million, a 4% increase over second quarter 2022 revenue of $903 million and a 4% increase when adjusted for foreign exchange.*\nRevenue by solution:\nSecurity revenue was $433 million, up 14% year-over-year and when adjusted for foreign exchange*Delivery revenue was $380 million, down 9% year-over-year and down 8% when adjusted for foreign exchange*Compute revenue was $123 million, up 16% year-over-year and up 17% when adjusted for foreign exchange*Revenue by geography:\nU.S. revenue was $480 million, up 1% year-over-yearInternational revenue was $456 million, up 7% year-over-year and up 8% when adjusted for foreign exchange*Income from operations: GAAP income from operations was $150 million, a 14% decrease from second quarter 2022. GAAP operating margin for the second quarter was 16%, down 3 percentage points from the same period last year.\nNon-GAAP income from operations* was $273 million, a 4% increase from second quarter 2022. Non-GAAP operating margin* for the second quarter was 29%...