Key Takeaways
- Akamai Technologies beat second-quarter profit and sales estimates on strong demand for its security and cloud computing products.
- Security revenue was up 15%, and compute revenue jumped 23%.
- The company raised its full-year adjusted EPS guidance.
Shares of Akamai Technologies (AKAM) took off Frid♊ay, a day after the tec🌜h firm reported better-than-expected second-quarter results and raised its profit guidance on higher demand for its security and cloud computing products.
Akamai posted adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.58, with adjusted earnings before interest, taxes, de🍒preciation, and amortizatio꧒n (EBITDA) of $408.9 million. Revenue gained 5% year-over-year to $979.6 million. All three🧔 beat consensus estimates of analysts polled by Visible Alpha.
Security revenue rose 15% to $498.7 million, and compute re🐭venue increased 23% to $151.5 million. However, delivery revenue fell 13% to $329.4 million.
CEO Saya Akamai 'Had Many Significant Wins in Q2'
澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Tom Leighton explained that the company saw strong customer interest in its security solutions, and "had many significant wins in Q2." In addition, he pointed to the success of the launch of a new cloud offering last quarter, and that "the strong early momentum we achieved in Q1 continued in Q2."
Akamai now sees full-year adjusted EPS of between $6.34 and $6.47, up from its previous outlook of $6.20 to $6.40.
Akamai Technologies led 澳洲幸运5开奖号码历史查询:S&P 500 gainers with shares up 10% to $100.94 as of noon ET Friday. Still, they are down about 15% so far this year.