Cloud Native ComputingDevelopersNewsOpen Source

Akamai Q3 Revenue Up 3% At $882 Million

0

Akamai Technologies has reported financial results for the third quarter ended September 30, 2022. Revenue was $882 million, a 3% increase over third quarter 2021 revenue of $860 million.

Here’s the breakdown of Akamai’s revenue figures: Security revenue was $380 million, up 13% year-over-year; delivery revenue was $393 million, down 15% year-over-year; and compute revenue was $109 million, up 72% year-over-year. Akamai’s revenue in the U.S. was up 3% year-over-year to $461 million, while its international revenue inched up 2%, to $421 million.

The company reported net income of $108 million, a 40% decrease from third quarter 2021, while adjusted income fell 16% to $200 million.

Cash from operations for the third quarter of 2022 was $369 million, or 42% of revenue. Cash, cash equivalents and marketable securities was $1.4 billion as of September 30, 2022.

Akamai spent $163 million in the third quarter of 2022 to repurchase 1.8 million shares of its common stock at an average price of $90.93 per share. The company had 158 million shares of common stock outstanding as of September 30, 2022.

Don't miss out great stories, subscribe to our newsletter.

Alluxio 2.9 Simplifies DevOps On Kubernetes, Enhances S3 API Security And More

Previous article

Three Major Highlights Of Alluxio 2.9 

Next article
Login/Sign up