Akamai Technologies: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 04:21 PM ET
Last Updated - Feb 13, 2024, 04:21 PM EST
CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. (AKAM) on Tuesday reported fourth-quarter net income of $161.2 million.
On a per-share basis, the Cambridge, Massachusetts-based company said it had net income of $1.03. Earnings, adjusted for one-time gains and costs, were $1.69 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The cloud services provider posted revenue of $995 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $997.6 million.
