Description
Akamai Technologies, Inc. exceeded analyst expectations in terms of revenue as well as earnings, with a revenue surge to $965 million, marking a substantial 9% year-over-year growth. The non-GAAP operating margin stood impressively at 31%, while non-GAAP earnings per share reached $1.63, reflecting a remarkable 29% year-over-year increase. Akamai’s security segment experienced a notable 20% year-over-year growth in Q3. This surge was propelled by heightened demand for the Guardicore segmentation solution, addressing the escalating malware and ransomware threats. Though in its early stages, the newly introduced API security solution garnered significant interest, especially as it seamlessly integrated with the market-leading web app firewall solution. Besides, Akamai achieved milestones in product development, infrastructure deployment, and customer engagement for the Akamai Connected Cloud. In content delivery, Q3 witnessed accelerated traffic growth, and they seized enterprise customer contracts from StackPath and Lumen Technologies, both exiting the CDN market. They also partnered with GlobalLogic to provide customers worldwide access to various enterprise technology solutions. As a participant in the Akamai Partner Program, GlobalLogic will use Akamai’s cloud computing services, security, and CDN to create and develop cutting-edge products, platforms, and digital experiences for clients all over the world.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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