Akamai Technologies Inc (AKAM) Q4 2019 Earnings Call Transcript

Akamai Technologies Inc (AKAM) Q4 2019 Earnings Call Transcript

earnings akamai technologies akam transcript
GCC
  • Date: 12-Feb-2020
  • Source: The Motley…
  • Sector: Financial Markets
  • Country: GCC
  • Who else needs to know?

Akamai Technologies Inc (AKAM) Q4 2019 Earnings Call Transcript

Before we get started, please note that today's comments include forward-looking statements including statements regarding revenue and earnings guidance.. This very strong result was driven by the continued rapid growth of our security business, a better than expected holiday commerce season, and substantial increases in traffic for our media customers.. Q4 non-GAAP EPS was $1.23 per diluted share, up 15% year-over-year and up 16% in constant currency.. Revenue was $2.89 billion, up 8% over the prior year in constant currency.. In Q4, our security portfolio continued to be the fastest growing part of our business with revenue of $238 million, up a very strong 29% year-over-year in constant currency.. I'm especially excited about our continued innovation in cyber security, which has resulted in the development of several new products that will leverage the strength of our Edge platform and that we believe can drive continuing growth going forward.. The new products include Secure Web Gateway, Identity Cloud, Enterprise Defender, Multi-Factor Authentication, and Page Integrity Manager.. Initial customer interest in this new service has been very high and we're looking forward to exiting beta and selling this product more widely later in the year.. Overall, we're very pleased with our performance…

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