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Last $76.71 USD
Change Today +1.75 / 2.33%
Volume 3.5M
AKAM On Other Exchanges
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As of 5:20 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

akamai technologies inc (AKAM) Key Developments

Akamai Technologies, Inc. Announces Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Akamai Technologies, Inc. announced consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced income from operations of $106,260,000 compared to $112,351,000 for the same period a year ago. Revenue was $540,723,000 compared to $476,035,000 for the same period a year ago. Income before provision for income taxes was $102,518,000 compared to $108,676,000 for the same period a year ago. Net income was $67,200,000 or $0.37 per diluted share compared to $72,886,000 or $0.40 per diluted share for the same period a year ago. Net cash provided by operating activities was $264,023,000 compared to $200,224,000 for the same period a year ago. Purchase of property, plant and equipment and capitalization of internal-use software development costs was $96,103,000 compared to $70,519,000 for the same period a year ago. Non-GAAP net income was $102,168,000 compared to $105,550,000 for the same period a year ago. Non-GAAP income from operations was $150,338,000 compared to $155,827,000 for the same period a year ago. Adjusted EBITDA was $213,939,000 compared to $204,102,000 for the same period a year ago. Non-GAAP net income per diluted share was $0.57 compared to $0.58 for the same period a year ago. Interest income was roughly $3 million, down slightly from first quarter levels. Cash flow generation was strong in the second quarter with free cash flow of $168 million or 31% of revenue. For the six months, the company announced income from operations of $227,781,000 compared to $233,198,000 for the same period a year ago. Revenue was $1,067,259,000 compared to $929,537,000 for the same period a year ago. Income before provision for income taxes was $222,163,000 compared to $228,340,000 for the same period a year ago. Net income was $144,946,000 or $0.80 per diluted share compared to $145,686,000 or $0.80 per diluted share for the same period a year ago. Net cash provided by operating activities was $363,752,000 compared to $289,247,000 for the same period a year ago. Purchase of property, plant and equipment and capitalization of internal-use software development costs was $233,082,000 compared to $154,525,000 for the same period a year ago. Non-GAAP income from operations was $313,125,000 compared to $314,691,000 for the same period a year ago. Non-GAAP net income was $213,344,000 compared to $210,467,000 for the same period a year ago. Adjusted EBITDA was $437,298,000 compared to $407,706,000 for the same period a year ago. Non-GAAP net income per diluted share was $1.18 compared to $1.16 for the same period a year ago. For the third quarter of 2015, the company expects non-GAAP EPS in the range of $0.56 to $0.58. This EPS guidance assumes taxes of $49 million to $51 million based on an estimated quarterly non-GAAP tax rate of roughly 33%. On CapEx, it expects to spend approximately $95 million to $105 million in the quarter, excluding equity compensation. It is expecting revenue in the range of $543 million to $555 million, cash gross margins of 77% to 78% and GAAP gross margins of approximately 67%. Non-GAAP operating expenses are projected to be $205 million to $210 million, up slightly from second quarter levels. The company anticipates EBITDA margins of 40%. Looking beyond third quarter, the company expects to operate the company in the 40% to 41% EBITDA range for the foreseeable future.

Akamai Technologies, Inc. Elects Jonathan (Jon) F. Miller to the Company's Board of Directors

Akamai Technologies, Inc. announced the election of Jonathan (Jon) F. Miller to the company's board of directors effective July 21, 2015. Mr. Miller is currently a Partner at Advancit Capital and is former Chairman and Chief Executive Officer, Digital Media Group for News Corporation.

Akamai and Telecom Italia Enter into Partnership to Offer Content Delivery and Web Optimization Solutions

Akamai Technologies, Inc. and Telecom Italia announced a partnership agreement to offer Content Delivery Network and web optimization services and solutions to Italian companies. Driven by explosive growth in digital media, the initiative includes Telecom Italia offering and marketing, within the Italian market, of Akamai's suite of services (including web acceleration and security) capable of providing optimum performance for the distribution of high-quality video and Internet content. The agreement also includes a direct connection between Telecom Italia's IP network and the global Akamai Platform. It represents an important step in how a Telco and a Content Delivery Network provider can maximize Internet infrastructure assets, enhancing the end user experience on premium content.

Akamai Technologies, Inc. to Report Q2, 2015 Results on Jul 28, 2015

Akamai Technologies, Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Jul 28, 2015

Akamai Technologies, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Akamai Technologies, Inc., Q2 2015 Earnings Call, Jul 28, 2015

 

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AKAM

Industry Average

Valuation AKAM Industry Range
Price/Earnings 39.7x
Price/Sales 6.2x
Price/Book 4.3x
Price/Cash Flow 36.0x
TEV/Sales 5.6x
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