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Akamai Q4 Earnings Decline, Revenue Rise; Issues Outlook; Reports Cloud Computing Deal
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Akamai Q4 Earnings Decline, Revenue Rise; Issues Outlook; Reports Cloud Computing Deal
Feb 20, 2025 1:53 PM

04:24 PM EST, 02/20/2025 (MT Newswires) -- Akamai Technologies ( AKAM ) reported Q4 non-GAAP diluted earnings late Thursday of $1.66 per share, down from $1.69 a year earlier.

Analysts polled by FactSet expected $1.52.

Revenue for the quarter ended Dec. 31 was $1.02 billion, up from $995.0 million a year earlier.

Analysts surveyed by FactSet expected $1.02 billion.

The company said it expects Q1 non-GAAP EPS of $1.54 to $1.59 on revenue of $1.00 billion to $1.02 billion.

Analysts expected $1.66 on revenue of $1.04 billion.

For the full-year, it expects non-GAAP EPS of $6.00 to $6.40 on revenue of $4.00 billion to $4.20 billion.

Analysts expected $6.82 on sales of $4.26 billion.

The company also said it was selected to provide cloud computing to "one of the world's largest technology companies," with a multi-year commitment to spend over $100 million on cloud infrastructure services.

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