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Earnings faded while Revenues grew at in the second quarter of 2022 earnings season

AKAM reported second quarter of 2022 operating profit of $175.042 millions

Published 2022-08-12T22:21:11-04:00
Goran Soko / CSIMarket.com Contributer

The_U.S._Army_pdThe Professional Services company reported contradictory earnings in the April to June 30 2022 time-frame, where Revenue grew by 5.922 % to $903.33 millions compared to $852.82 millions on a year-over-year basis, while income fell by -21.28 % to $0.74 per share, as a comparison to $0.94 in the prior year reporting season.

Revenue decreased by -0.035 % from $903.65 millions in prior period, income improved by 1.37 % from $0.73 per share.


Net earnings of $119.537 millions in the second quarter of 2022 earnings season fell by -23.62 % from $156.497 millions in the corresponding period a year before. Akamai Technologies Inc shifted it's focus on improving sales in the second quarter of 2022 earnings season, as a result net margin eased to 13.23%.
Operating earnings, fell -12.23% to $175.042 millions, squeezing Akamai Technologies Inc's operating margin to %.

Akamai Technologies Inc is expected to report next financial results on November 07, 2022.


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Other AKAM's Earnings Reports

Akamai Technologies Inc reported fourth quarter 2021 earnings

Akamai Technologies Inc reported second quarter 2020 earnings

Akamai Technologies Inc reported first quarter 2020 earnings

       
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