AKAMAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS
CAMBRIDGE, Mass., May 9, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today reported financial results for the first quarter ended March 31, 2024.
- "Both solutions had a strong start to 2024 and collectively grew more than 20% year-over-year, representing almost two-thirds of total revenue.
- GAAP operating margin for the first quarter was 17%, up 3 percentage points from the same period last year.
- Supplemental cash information: Cash from operations for the first quarter of 2024 was $352 million, or 36% of revenue.
- The Company reports the following financial guidance for the second quarter and full year 2024: