Akamai Technologies reported revenue was $669 million, an 11% increase over first quarter 2017 revenue of $600 million and a 9% increase when adjusted for foreign exchange. GAAP net income was $54 million, a 28% decrease from first quarter 2017. Non-GAAP net income* was $136 million, a 19% increase from first quarter 2017.
- Web Division revenue was $353 million, up 16% year-over-year and up 13% when adjusted for foreign exchange.
- Media and Carrier Division revenue was $316 million, up 6% year-over-year and up 4% when adjusted for foreign exchange
- Cloud Security Solutions revenue was $149 million, up 36% year-over-year and up 32% when adjusted for foreign exchange
- Revenue from Internet Platform Customers was $44 million, down 14% year-over-year and when adjusted for foreign exchange.
“We are very pleased with the results of our first quarter performance, which featured continued outstanding growth in our security business, substantial improvement in our media business, margin expansion and accelerated revenue growth overall,” said Dr. Tom Leighton, Chief Executive Officer.