— Akamai Technologies, Inc. (NASDAQ: AKAM) reported its fourth-quarter 2019 adjusted earnings of $1.23 per share versus $1.13 per share expected.
— Total revenue grew 8% to $772 million versus $749.28 million expected. Excluding foreign exchange, revenue would have risen 9%.
— The results were benefited by the rapid growth of its cloud security business, robust seasonal traffic on its network and its continued focus on operational excellence.
— Division-wise, Web Division revenue increased by 9% year-over-year to $420 million. Media and Carrier Division revenue rose by 8% to $353 million.
— Cloud Security Solutions’ revenue was $238 million, up 29% year-over-year and when adjusted for foreign exchange.
— Revenue from Internet Platform Customers increased by 20% to $52 million. Revenue excluding Internet Platform Customers rose by 7% to $720 million.
— The US revenue rose by 3% year-over-year while international revenue jumped by 17%.
— The company believes that it is well-positioned to achieve a 30% non-GAAP operating margin goal in 2020, as it continues to invest in innovation and new products to drive future growth.
Most Popular
BK Earnings: Bank of New York Mellon Q3 2024 earnings climb on higher revenues
The Bank of New York Mellon Corporation (NYSE: BK) on Friday said its adjusted earnings increased in the third quarter of 2024. The financial service provider's assets under management and
BLK Earnings: BlackRock reports better-than-expected Q3 2024 results
Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street's projections. Third-quarter
JPM Earnings: Key quarterly highlights from JPMorgan’s Q3 2024 financial results
JPMorgan Chase & Co. (NYSE: JPM) reported its third quarter 2024 earnings results today. Reported net revenue increased 7% year-over-year to $42.6 billion. Managed revenue rose 6% to $43.3 billion.
