Q4 2024 Akamai Technologies Inc Earnings Call Transcript

Feb 20, 2025 / 09:30 PM GMT

Release Date Price: $98.03 (-2.22%)

Transcript 10-K8-K

Key Points

Positve

Akamai Technologies Inc (AKAM) reported strong Q4 2024 performance with revenue of $1.02 billion and non-GAAP EPS of $1.66, exceeding guidance.
Security revenue surpassed $2 billion in 2024, growing 16% year over year, marking a significant milestone.
Cloud computing revenue grew 25% over 2023, with cloud infrastructure services revenue increasing by 32%.
The company signed its largest Guardicore deployment to date and achieved significant growth in API security solutions.
Akamai Technologies Inc (AKAM) anticipates continued strong growth in cloud infrastructure services, projecting a 40% to 45% ARR growth in 2025.

Negative

Delivery revenue declined by 18% year over year, although there are signs of stabilization.
The company faces a headwind from its largest customer pursuing a DIY strategy, impacting overall revenue growth.
Akamai Technologies Inc (AKAM) expects a 15% growth in cloud computing solutions in 2025, indicating a slowdown compared to previous growth rates.
Foreign exchange fluctuations negatively impacted revenue and non-GAAP EPS expectations.
The company anticipates increased capital expenditures in 2025, partly due to infrastructure builds for a large cloud infrastructure services contract.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AKAM.OQ - Akamai Technologies Inc
Q4 2024 Akamai Technologies Inc Earnings Call
Feb 20, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Okay.

Yes, good day and welcome to the Fourth Quarter 2020 for Akamai Technologies Incorporated earnings conference call.

All participants will be in listen only mode.

Should you need assistance, please signal a conference specialist by pressing star, then zero on your telephone keypad.

After today's presentation there will be an opportunity to ask questions to ask any questions, you may press star, then one on your telephone keypad.

To withdraw your question, please press star then two.

Please note this event is being recorded.

I would now like to turn the conference over to Mark Steinberg, Head of Investor Relations.

Please go ahead.

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