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Akamai -6.6% as Q2 revenues miss expectations

Jul. 26, 2016 4:26 PM ETAkamai Technologies, Inc. (AKAM) StockBy: Jason Aycock, SA News Editor
  • Akamai Technologies (NASDAQ:AKAM) has slid 6.6% after hours following Q2 earnings where it missed narrowly on revenues but grew EPS 11% even accounting for currency headwinds.
  • EBITDA was $231M, up 8% and beating an expected $229.1M.
  • Business is being managed in a new division structure as of Q2. Revenue by division: Media Division, $288M (down 2%); Web Division, $271M (up 15%); Enterprise and Carrier Division, $12M (up 22%).
  • Revenue by solution category: Performance and Security Solutions, $327M (up 16%); Cloud Security Solutions, $87M (up 42%); Media Delivery Solutions, $197M (down 9%); Services and Support Solutions, $48M (up 18%).
  • Cash from operations was $243M (42% of revenue); cash and equivalents came to $1.6B at quarter's end.
  • Conference call to come at 4:30 p.m.
  • Press Release

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