Breaking Down the Numbers: Akamai’s Q4 and Full Year 2024 Financial Report Unveiled!
Fourth Quarter Highlights
Revenue of $1.020 billion, up 3% year-over-year and when adjusted for foreign exchange*. Security and compute revenue represented 69% of total revenue in the fourth quarter and grew 16% year-over-year and 17% when adjusted for foreign exchange*. GAAP net income per diluted share of $0.91, down 12% year-over-year and down 9% when adjusted for foreign exchange*, and non-GAAP net income per diluted shared* of $1.66, down 2% year-over-year and flat when adjusted for foreign exchange*.
Full-Year Highlights
Revenue of $3.991 billion, up 5% year-over-year and when adjusted for foreign exchange*. Security and compute revenue represented 67% of total revenue in 2024 and grew 18% year-over-year and when adjusted for foreign exchange*. GAAP net income per diluted share of $3.27, down 7% year-over-year and down 4% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $6.48, up 5% year-over-year and up 6% when adjusted for foreign exchange*.
CAMBRIDGE, Mass., Feb. 20, 2025 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today reported financial results for the fourth quarter and full-year ended December 31, 2024.
Effect on Individuals
For individuals, the financial report from Akamai Technologies may provide insights into the overall health and performance of the company. It could also impact investors and shareholders who closely monitor the company’s financial results to make informed decisions about their investments.
Effect on the World
On a larger scale, Akamai’s financial report could have implications for the cybersecurity and cloud computing industry as a whole. Positive results may indicate a growing demand for online security services and cloud-based solutions, potentially influencing market trends and industry standards.
Conclusion
Overall, Akamai’s Q4 and Full Year 2024 financial report unveils important insights into the company’s performance and growth within the cybersecurity and cloud computing sector. The highlights from the report showcase both challenges and successes, providing valuable information for individuals, investors, and the industry as a whole to consider moving forward.
