09.05.2024 22:07:37 - dpa-AFX: Akamai Technologies Inc Q1 Profit Increases, Beats Estimates

WASHINGTON (dpa-AFX) - Akamai Technologies Inc (AKAM) revealed a profit for
its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $175.42 million, or $1.11 per share. This
compares with $97.11 million, or $0.62 per share, in last year's first quarter.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $255.49
million or $1.64 per share for the period.

Analysts on average had expected the company to earn $1.61 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 7.8% to $986.97 million from $915.69
million last year.

Akamai Technologies Inc earnings at a glance (GAAP) :

-Earnings (Q1): $175.42 Mln. vs. $97.11 Mln. last year.
-EPS (Q1): $1.11 vs. $0.62 last year.
-Revenue (Q1): $986.97 Mln vs. $915.69 Mln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AKAMAI TECH. DL-,01 928906 Frankfurt 86,450 28.05.24 16:32:41 +0,080 +0,09% 0,000 0,000 86,220 86,370

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