Akamai Technologies
Q1 2022 Earnings Call
May 03, 2022, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the first quarter 2022 Akamai Technologies earnings conference call. [Operator instructions] I'd now like to hand the conference over to your speaker today, Tom Barth, head of investor relations. Please go ahead.
Tom Barth -- Head of Investor Relations
Thank you, operator. Good afternoon, everyone, and thank you for joining Akamai's first quarter 2022 earnings call. Speaking today will be Tom Leighton, Akamai's chief executive officer; and Ed McGowan, Akamai's chief financial officer. Please note that today's comments include forward-looking statements, including statements regarding revenue and earnings guidance.
These forward-looking statements are subject to risks and uncertainties and involve a number of factors that could cause actual results to differ materially from those expressed or implied by such statements. These factors include any impact from macroeconomic trends, uncertainty stemming from the COVID-19 pandemic, the integration of any acquisitions and any impact from geopolitical developments. Additional information concerning these factors is contained in Akamai's filings with the SEC, including our annual report on Form 10-K and quarterly reports on Form 10-Q. The forward-looking statements included in this call represent company's view on May 3, 2022.
Akamai disclaims any obligation to update these statements to reflect new information, future events or circumstances except as required by law. As a reminder, we will be referring to some non-GAAP financial metrics during today's call. A detailed reconciliation of GAAP and non-GAAP metrics can be found under the financial portion of the Investor Relations section at akamai.com. And with that, let me turn the call over to Tom.
Tom Leighton -- Chief Executive Officer
Thanks, Tom. And thank you all for joining us today. Our Q1 revenue was $904 million, up 7% year over year and up 9% in constant currency. This solid result was driven by the continued rapid growth of our security and compute businesses.
Q1 non-GAAP operating margin was 30%. Q1 non-GAAP EPS was a $1.39 per diluted share, up 1% year over year and up 4% in constant currency. As Ed will discuss later, EPS came in at the low end of our guidance range, primarily due to an adverse tax impact of $0.03. Since our last call with you on February 15, we've seen the development of several major global events and financial headwinds.