AI English summary of an SEC filing — figures as filed
Akamai Technologies AKAMThe company said revenue for the quarter ended June 30, 2024 was $980 million, up 5% from Q2 2023 $936 million, and rose 6% when adjusted for foreign exchange.
Key points
AI summaryThe company said revenue for the quarter ended June 30, 2024 was $980 million, up 5% from Q2 2023 $936 million, and rose 6% when adjusted for foreign exchange.
The company reported Security revenue of $499 million for Q2, up 15% year over year; Delivery revenue of $329 million, down 13%; and Compute revenue of $151 million, up 23%.
Akamai said GAAP net income for Q2 was $132 million, up 2% from Q2 2023. It also reported GAAP diluted earnings per share of $0.86 and non-GAAP diluted earnings per share of $1.58, and said operating cash flow for Q2 was $431 million.
The company said it spent $128 million to repurchase 1.4 million shares of common stock at an average price of $94.29 per share in Q2 2024. It also said it had 152 million shares of common stock outstanding as of June 30, 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Akamai Q2 2024 Revenue $980 million
The company said revenue for the quarter ended June 30, 2024 was $980 million, up 5% from Q2 2023 $936 million, and rose 6% when adjusted for foreign exchange.
Source · Based on the filing body and exhibits
Revenue by Solution: Security, Delivery and Compute
The company reported Security revenue of $499 million for Q2, up 15% year over year; Delivery revenue of $329 million, down 13%; and Compute revenue of $151 million, up 23%.
Source · Based on the filing body and exhibits
Net Income, EPS and Operating Cash Flow for Q2
Akamai said GAAP net income for Q2 was $132 million, up 2% from Q2 2023. It also reported GAAP diluted earnings per share of $0.86 and non-GAAP diluted earnings per share of $1.58, and said operating cash flow for Q2 was $431 million.
Source · Based on the filing body and exhibits
Share Repurchases in Q2 $128 million
The company said it spent $128 million to repurchase 1.4 million shares of common stock at an average price of $94.29 per share in Q2 2024. It also said it had 152 million shares of common stock outstanding as of June 30, 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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