Earnings release
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FOR IMMEDIATE RELEASE Contacts : Gina Sorice Media Relations Akamai Technologies 646-320-4107 gsorice@akamai.com AKAMAI REPORTS FIRST QUARTER 2021 FINANCIAL RESULTS First quarter revenue of $ 843 million , up 10 % year - over - year and up 8 % when adjusted for foreign exchange * Security Technology Group revenue of $ 310 million , up 29 % year - over - year and up 27 % when adjusted for foreign exchange * Tom Barth Investor Relations Akamai Technologies 617-274-7130 tbarth@akamai.com Edge Technology Group revenue of $ 532 million , up 2 % year - over - year and flat when adjusted for foreign exchange * GAAP EPS of $ 0.94 , up 25 % year - over - year , and non - GAAP EPS * of $ 1.38 , up 15 % year - over - year CAMBRIDGE , Mass . - May 4 , 2021 – Akamai ( NASDAQ : AKAM ) , the world's most trusted solution for protecting and delivering digital experiences , today reported financial results for the first quarter ended March 31 , 2021 . " We are pleased with our excellent start in 2021 , with revenue , margins and earnings all exceeding expectations , " said Dr. Tom Leighton , Chief Executive Officer . " We continued to capitalize on the substantial opportunities for our business , as demonstrated by the very strong growth of our security and edge applications solutions and strong traffic growth on the Akamai Intelligent Edge Platform . ' Akamai delivered the following financial results for the first quarter ended March 31 , 2021 : Revenue : Revenue was $ 843 million , a 10 % increase over first quarter 2020 revenue of $ 764 million and an 8 % increase when adjusted for foreign exchange . * Revenue by Product Group : Security Technology Group revenue was $ 310 million , up 29 % year - over - year and up 27 % when adjusted for foreign exchange * Edge Technology Group revenue was $ 532 million , up 2 % year - over - year and flat when adjusted for foreign exchange * Revenue by Geography : U.S. revenue was $ 463 million , up 8 % year - over - year International revenue was $ 380 million , up 13 % year - over - year and up 8 % when adjusted for foreign exchange * Income from operations : GAAP income from operations was $ 182 million , a 20 % increase from first quarter 2020. GAAP operating margin for the first quarter was 22 % , up 2 percentage points from the same period last year . Non - GAAP income from operations * was $ 264 million , a 15 % increase from first quarter 2020. Non - GAAP operating margin * for the first quarter was 31 % , up 1 percentage point from the same period last year . Net income : GAAP net income was $ 156 million , a 26 % increase from first quarter 2020. Non - GAAP net income * was $ 228 million , a 16 % increase from first quarter 2020 . 1