Investing.com - Akamai reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Akamai announced earnings per share of $1.49 on revenue of $905.36M. Analysts polled by Investing.com anticipated EPS of $1.42 on revenue of $899.29M.
Akamai shares are up 13% from the beginning of the year and are trading at $112.00 , down-from-52-week-high.They are outperforming the Nasdaq which is down 9.62% from the start of the year.
Akamai shares gained 0.87% in after-hours trade the report.
Akamai follows other major Information Technology sector earnings this month
Akamai's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
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