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News

Akamai Techs Q3 Outlook: Adj. EPS $1.56-$1.62 Vs. $1.54 Estimate, Revenue $988M-$1.01B Vs. $996.73M Estimate

Author: Benzinga Newsdesk | August 08, 2024 04:38pm

Financial guidance:

The Company reports the following financial guidance for the third quarter and full year 2024:


 

Three Months Ending

September 30, 2024


 

Year Ending

December 31, 2024


 

Low End


 

High End


 

Low End


 

High End

Revenue (in millions)

$ 988


 

$ 1,008


 

$ 3,970


 

$ 4,010

Security revenue growth rates year-over-year *


 

 

 

 

15 %


 

17 %

Compute revenue growth rates year-over-year *


 

 

 

 

23 %


 

25 %

Non-GAAP operating margin *

29 %


 

29 %


 

29 %


 

29 %

Non-GAAP net income per diluted share *

$ 1.56


 

$ 1.62


 

$ 6.34


 

$ 6.47

Non-GAAP tax rate*

19 %


 

20 %


 

19 %


 

20 %

Shares used in non-GAAP per diluted share calculations * (in millions)

154


 

154


 

154


 

154

Capex as a percentage of revenue *

17 %


 

17 %


 

16 %


 

16 %

Posted In: AKAM

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