- 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
Akamai -6.6% as Q2 revenues miss expectations
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Symbol | Last Price | % Chg |
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AKAM | - | - |
Akamai Technologies, Inc. |