AKAM Nasdaq· Akamai Technologies Inc.
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AKAM Nasdaq· Akamai Technologies Inc.
Earnings report Q4 2023

AKAMAI TECHNOLOGIES, INC. Reports Steady Revenue Growth in Latest Quarter

Segments of revenue

AKAMAI TECHNOLOGIES, INC. reported revenue of $3.81 billion for the latest quarter. This represents a growth of 5% compared to the same quarter last year. The company's revenue has been consistently increasing over the past three years, with a compound annual growth rate of 4.5%.


AKAMAI TECHNOLOGIES, INC. has demonstrated steady revenue growth in the latest quarter, which can be attributed to several factors. The company's strong performance in the cloud services segment has been a key driver of revenue growth. The increasing demand for cloud-based solutions and the company's ability to provide reliable and secure content delivery services have contributed to its success. Additionally, AKAMAI TECHNOLOGIES, INC. has a diverse customer base across various industries, which has helped mitigate any potential risks associated with industry-specific downturns.


Despite the overall positive performance, AKAMAI TECHNOLOGIES, INC. faces certain challenges. The company has experienced increasing costs and operating expenses, particularly in areas such as research and development, sales and marketing, and general and administrative expenses. These expenses have grown at a faster rate than revenue, which has put pressure on the company's profitability. Additionally, AKAMAI TECHNOLOGIES, INC. has faced competition from other players in the cloud services industry, which has impacted its market share and pricing power.


One noteworthy aspect of AKAMAI TECHNOLOGIES, INC.'s performance in the latest quarter is the increase in income from operations. Despite the challenges mentioned earlier, the company has managed to improve its operational efficiency and generate higher income. This can be attributed to cost-saving initiatives and improved productivity. Furthermore, AKAMAI TECHNOLOGIES, INC. has made strategic investments in research and development to enhance its product offerings and maintain its competitive edge in the market.


AKAMAI TECHNOLOGIES, INC. has delivered a solid performance in the latest quarter, with steady revenue growth driven by its strong presence in the cloud services segment. The company's ability to provide reliable and secure content delivery services has positioned it well in the market. However, AKAMAI TECHNOLOGIES, INC. faces challenges in managing its expenses and competition from other players in the industry. Despite these challenges, the company has demonstrated improved operational efficiency and generated higher income from operations. Overall, AKAMAI TECHNOLOGIES, INC. remains well-positioned for future growth in the cloud services market.

Source documents

Form 10-K  filed on Feb 28, 2024
98 pages scanned

Reference data

Company financials Q4 revenue 995M
Analyst estimates Q4 EPS beat by 12.76%
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