The company said its revenue for Q3 2024 was $1.005 billion, up 4% from $965 million a year earlier, and up 4% when adjusted for foreign exchange. It also said the quarter marked the first time its quarterly revenue surpassed the billion-dollar threshold.

1. 01

   The company said its revenue for Q3 2024 was $1.005 billion, up 4% from $965 million a year earlier, and up 4% when adjusted for foreign exchange. It also said the quarter marked the first time its quarterly revenue surpassed the billion-dollar threshold.

2. 02

   Akamai said Security revenue for Q3 was $519 million, up 14%, and Compute revenue was $167 million, up 28%. Delivery revenue was $319 million, down 16%. All comparisons are with the same period a year earlier.

3. 03

   Akamai Technologies recognized a $82 million restructuring charge in Q3 2024, and GAAP income from operations was $71 million, down 60% from a year earlier. The company said the charge mainly related to severance costs tied to a workforce reduction and to impairments of certain assets from recent acquisitions.

4. 04

   The company said operating cash flow for Q3 2024 was $393 million, and it repurchased 1.7 million shares of common stock for $166 million. It also gave revenue guidance for Q4 2024 of $995 million to $1,020 million.

Analysis 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.

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

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