PR Newswire
CAMBRIDGE, Mass., May 2, 2017
CAMBRIDGE, Mass., May 2, 2017 /PRNewswire/ --
Akamai Technologies, Inc. (NASDAQ: AKAM), the world's largest and most trusted cloud delivery platform, today reported financial results for the first quarter ended March 31, 2017.
"Q1 was a very solid quarter for Akamai on both the top and bottom lines," said Dr. Tom Leighton, Chief Executive Officer. "We are especially pleased with the strong results of our performance and security solutions, which grew 17% year-over-year, or 18% in constant currency*, and now account for over 60% of our overall revenue. As we look forward, I remain excited about the opportunities that lie ahead, as Akamai is uniquely positioned to help our customers provide the highest quality and most secure digital experiences on the Internet."
Akamai delivered the following financial results for the first quarter ended March 31, 2017:
Revenue: Revenue was $609 million, a 7% increase over first quarter 2016 revenue of $568 million and an 8% increase when adjusted for foreign exchange.*
Revenue by Solution Category(2):
Revenue by Geography:
Customer Revenue by Division(3):
Revenue from Internet Platform Customers(1):
Income from operations: GAAP income from operations was $115 million, a 1% increase from first quarter 2016. GAAP operating margin for the first quarter was 19%, down 1 percentage point from the same period last year.
Non-GAAP income from operations* was $165 million, a 1% increase from first quarter 2016. Non-GAAP operating margin* for the first quarter was 27%, down 2 percentage points from the same period last year.
Net income: GAAP net income was $81 million, an 8% increase from first quarter 2016. Non-GAAP net income* was $120 million, a 2% increase from first quarter 2016.
EPS: GAAP EPS was $0.46 per diluted share, a 10% increase from first quarter 2016 and an 11% increase when adjusted for foreign exchange.* Non-GAAP EPS was $0.69 per diluted share, a 5% increase from first quarter 2016 and when adjusted for foreign exchange.*
Adjusted EBITDA*: Adjusted EBITDA was $241 million, a 3% increase from first quarter 2016. Adjusted EBITDA margin* was 39%, down 2 percentage points from first quarter of 2016.
Other first quarter 2017 results:
* See Use of Non-GAAP Financial Measures below for definitions | |
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(1) | Internet Platform Customers – Six customers that are large Internet platform companies: Amazon, Apple, Facebook, Google, Microsoft and Netflix |
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(2) | Revenue by solution category – A product-focused reporting view that reflects revenue by solution purchased |
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(3) | Customer revenue by division – A customer-focused reporting view that reflects revenue from customers that are managed by the division. During the first quarter of 2017, the divisional categorization of certain customers was adjusted based on how those customer categorizations are currently being managed. The historical presentation of divisional revenue was revised in order to reflect the most recent categorization and to provide a comparable view for all periods presented. |
Quarterly Conference Call
Akamai will host a conference call today at 4:30 p.m. ET that can be accessed through 1-844-578-9671 (or 1-508-637-5655 for international calls) and using passcode 7543905. A live webcast of the call may be accessed at www.akamai.com in the Investor section. In addition, a replay of the call will be available for two weeks following the conference by calling 1-855-859-2056 (or 1-404-537-3406 for international calls) and using passcode 7543905. The archived webcast of this event may be accessed through the Akamai website.
About Akamai
As the world's largest and most trusted cloud delivery platform, Akamai makes it easier for its customers to provide the best and most secure digital experiences on any device, anytime, anywhere. Akamai's massively distributed platform is unparalleled in scale with over 200,000 servers across 130 countries, giving customers superior performance and threat protection. Akamai's portfolio of web and mobile performance, cloud security, enterprise access, and video delivery solutions are supported by exceptional customer service and 24/7 monitoring. To learn why the top financial institutions, e-commerce leaders, media & entertainment providers, and government organizations trust Akamai please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
AKAMAI TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| |||||||
(in thousands) | March 31, | | December 31, | ||||
ASSETS | | | | ||||
Current assets: | | | | ||||
Cash and cash equivalents | $ | 522,319 | | | $ | 324,169 | |
Marketable securities | 322,750 | | | 512,849 | | ||
Accounts receivable, net | 400,792 | | | 368,596 | | ||
Prepaid expenses and other current assets | 152,600 | | | 104,303 | | ||
Total current assets | 1,398,461 | | | 1,309,917 | | ||
Property and equipment, net | 824,724 | | | 801,017 | | ||
Marketable securities | 739,065 | | | 779,311 | | ||
Goodwill | 1,229,504 | | | 1,228,503 | | ||
Acquired intangible assets, net | 141,894 | | | 149,463 | | ||
Deferred income tax assets | 7,332 | | | 8,982 | | ||
Other assets | 109,015 | | | 95,953 | | ||
Total assets | $ | 4,449,995 | | | $ | 4,373,146 | |
LIABILITIES AND STOCKHOLDERS' EQUITY | | | | ||||
Current liabilities: | | | | ||||
Accounts payable | $ | 90,179 | | | $ | 76,120 | |
Accrued expenses | 218,028 | | | 238,777 | | ||
Deferred revenue | 63,434 | | | 52,972 | | ||
Other current liabilities | 10,235 | | | 6,719 | | ||
Total current liabilities | 381,876 | | | 374,588 | | ||
Deferred revenue | 4,505 | | | 3,758 Werbung Mehr Nachrichten zur Akamai Technologies Aktie kostenlos abonnieren
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