Akamai Technologies Inc (NAS:AKAM)

$ 96.97 -0.99 (-1.01%) Market Cap: 14.72 Bil Enterprise Value: 17.67 Bil PE Ratio: 28.98 PB Ratio: 3.08 GF Score: 91/100

Q2 2023 Akamai Technologies Inc Earnings Call Transcript

Aug 08, 2023 / 08:30PM GMT

Release Date Price: $94.95 (-0.40%)

Transcript 10-Q8-K

Operator

Good day, and welcome to the Akamai Technologies Second Quarter 2023 Earnings Conference Call. (Operator Instructions) Please note that this event is being recorded. Now I'd like to turn the call over to Mr. Tom Barth, Head of Investor Relations. Please go ahead, sir.

Tom Barth

Akamai Technologies, Inc. - Head of IR

Okay. Thank you, everyone, for your patience. I'd like to reintroduce our CEO, Dr. Tom Leighton. Tom?

F. Thomson Leighton

Akamai Technologies, Inc. - Co-Founder, CEO, President & Director

Thanks, Tom, and thank you all for joining us today. I am very pleased to report that Akamai delivered strong results in the second quarter, with revenue coming in near the high end of our guidance range and earnings exceeding the high end of our guidance range by $0.07. Revenue grew to $936 million in Q2, up 4% year-over-year, both as reported and in constant currency. Non-GAAP operating margin was 29%. And non-GAAP earnings per share was $1.49, up 10% as reported and up 11% in constant currency. As you can see,

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