Akamai Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024
February 13, 2024 at 04:04 pm EST
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Akamai Technologies, Inc. provided earnings guidance for the first quarter ending March 31, 2024 and full year ending December 31, 2024. For the quarter, the company expects revenue to be between $980 million to $1,000 million.
For the year, the company expects 6% to 8% revenue growth rates year-over-year, 14% to 16% Security revenue growth rates year-over and 20% to 20% compute revenue growth rates year-over-year.
Akamai Technologies, Inc. is the world's No. 1 supplier of Internet applications and content distribution acceleration services. The activity is organized primarily around 3 areas:
- content distribution: transmission, storage, and management of data flows, media content, electronic applications, etc.;
- development of applications on Internet sites: applications for recording user visits to sites, research, etc.;
- other: data management, distribution control, application performance measurement, secure content transmission, etc.
At the end of 2023, the group had a platform of more than 350,000 servers interconnected to more than 1,300 Internet access supplier networks worldwide.
The United States account for 51.7% of net sales.