Akamai Technologies (AKAM) Tops Q4 EPS by 2c

Akamai Technologies (NASDAQ: AKAM) reported Q4 EPS of $1.33, $0.02 better than the analyst estimate of $1.31. Revenue for the quarter came in at $846 million versus the consensus estimate of $829.46 million.

"Akamai's strong fourth quarter performance capped off an excellent year in which we surpassed $3 billion in revenue and achieved record earnings per share," said Dr. Tom Leighton, CEO of Akamai. "In addition, our security portfolio exceeded $1 billion in revenue, we delivered record traffic levels on our network and we accomplished our 30% non-GAAP operating margin goal. I am very proud of how the Akamai team supported our global customers and billions of internet users who relied on the internet more than ever before during the COVID-19 pandemic. As we look forward to 2021, we expect to continue investing in innovation and new products with the goal of accelerating our market leadership in security, edge computing and video streaming."

For earnings history and earnings-related data on Akamai Technologies (AKAM) click here.

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