Akamai announces $2.6B private offering of 0% convertible senior notes due 2030 and 2032, launches AI Brand Presence product
Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and edge compute solutions to enable developers to deploy and distribute code at the edge. In addition, the company offers carrier offerings, including cybersecurity protection, parental controls, DNS infrastructure and content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through direct sales and service organizations, as well as through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.99B | $3.81B | $3.62B | $3.46B | $3.20B | $2.89B | $2.71B | $2.49B |
| Cost of Revenue | $1.62B | $1.51B | $1.38B | $1.27B | $1.13B | $987.62M | $953.49M | $875.84M |
| Gross Profit | $2.37B | $2.30B | $2.23B | $2.19B | $2.07B | $1.91B | $1.76B | $1.61B |
| Gross Margin | 59.39% | 60.36% | 61.74% | 63.34% | 64.58% | 65.87% | 64.87% | 64.81% |
| Operating Expenses | $1.84B | $1.66B | $1.56B | $1.41B | $1.41B | $1.36B | $1.40B | $1.30B |
| Operating Income | $533.41M | $637.34M | $676.27M | $783.15M | $658.53M | $548.92M | $362.50M | $314.29M |
| Operating Margin | 13.36% | 16.72% | 18.70% | 22.63% | 20.59% | 18.97% | 13.35% | 12.63% |
| Net Income | $504.92M | $547.63M | $523.67M | $651.64M | $557.05M | $478.04M | $298.37M | $222.77M |
| Net Margin | 12.65% | 14.37% | 14.48% | 18.83% | 17.42% | 16.52% | 10.99% | 8.95% |
| EPS (Basic) | $3.34 | $3.59 | $3.29 | $4.01 | $3.43 | $2.94 | $1.78 | $1.30 |
| EBITDA | $1.26B | $1.24B | $1.26B | $1.35B | $1.16B | $1.02B | $820.81M | $705.34M |
| Stock Option Compensation Expense | $393.38M | $328.47M | $217.19M | $202.76M | $197.41M | $187.14M | $183.81M | $164.31M |
| Price To Earnings Ratio | 28.68 | 32.96 | 25.61 | 29.22 | 30.63 | 29.40 | 34.25 | 50.09 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $14.48B | $18.05B | $13.41B | $19.04B | $17.06B | $14.05B | $10.22B | $11.16B |