Akamai Technologies: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:12 PM ET
Last Updated - Jun 21, 2023, 09:27 PM EDT
CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. (AKAM) on Tuesday reported first-quarter earnings of $97.1 million.
The Cambridge, Massachusetts-based company said it had profit of 62 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.40 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The cloud services provider posted revenue of $915.7 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $910.3 million.
