Akamai Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 09:01 pm
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Akamai Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 881.9 million compared to USD 860.33 million a year ago. Net income was USD 108.15 million compared to USD 178.92 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 1.08 a year ago.
For the nine months, sales was USD 2,688.88 million compared to USD 2,555.87 million a year ago. Net income was USD 346.85 million compared to USD 491.11 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to USD 3.01 a year ago. Diluted earnings per share from continuing operations was USD 2.15 compared to USD 2.96 a year ago.
Akamai Technologies, Inc. is the world's No. 1 supplier of Internet applications and content distribution acceleration services. The activity is organized primarily around 3 areas:
- content distribution: transmission, storage, and management of data flows, media content, electronic applications, etc.;
- development of applications on Internet sites: applications for recording user visits to sites, research, etc.;
- other: data management, distribution control, application performance measurement, secure content transmission, etc.
At the end of 2023, the group had a platform of more than 350,000 servers interconnected to more than 1,300 Internet access supplier networks worldwide.
The United States account for 51.7% of net sales.