Akamai Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 02:30 am IST
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Akamai Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 995.02 million compared to USD 927.78 million a year ago. Net income was USD 161.17 million compared to USD 128.76 million a year ago. Basic earnings per share from continuing operations was USD 1.07 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 0.82 a year ago.
For the full year, sales was USD 3,811.92 million compared to USD 3,616.65 million a year ago. Net income was USD 547.63 million compared to USD 523.67 million a year ago. Basic earnings per share from continuing operations was USD 3.59 compared to USD 3.29 a year ago. Diluted earnings per share from continuing operations was USD 3.52 compared to USD 3.26 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.