Akamai Technologies: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 05:01 PM ET
Last Updated - Aug 08, 2024, 05:01 PM EDT
CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. (AKAM) on Thursday reported second-quarter earnings of $131.7 million.
The Cambridge, Massachusetts-based company said it had profit of 86 cents per share. Earnings, adjusted for one-time gains and costs, were $1.58 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The cloud services provider posted revenue of $979.6 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $976.4 million.
