Akamai Technologies, Inc. (NASDAQ:AKAM) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET

Company Participants

Mark Stoutenberg - Head of IR
Tom Leighton - CEO & Co-Founder
Ed McGowan - EVP, CFO

Conference Call Participants

Patrick Colville - Scotiabank
Keith We iss - Morgan Stanley
John DiFucci - Guggenheim Securities
Mark Murphy - JPMorgan
Madeline Brooks - Bank of America
Alex Henderson - Needham
Fatima Boolani - Citi
Jonathan Ho - William Blair
Timothy Horan - Oppenheimer
Rudy Kessinger - D.A. Davidson

Operator

Good day and welcome to the Second Quarter 2024 Akamai Technologies Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Mark Stoutenberg, Head of Investor Relations. Please go ahead.

Mark Stoutenberg

Thank you, operator. Good afternoon, everyone, and thank you for joining Akamai's second quarter 2024 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.

The factors include any impact from macroeconomic trends, 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 our Quarterly Reports on Form 10-Q. The forward-looking statements included in this call represent the company's view on August 8, 2024.

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 certain non-GAAP financial metrics today. A detailed reconciliation of GAAP and non-GAAP metrics can be found under the financial portion of the Investor Relations section of akamai.com.

I will now hand the call off to our Co-Founder and CEO, Dr. Tom Leighton.

Tom Leighton

Thanks Mark. I'm pleased to report that in the second quarter, Akamai delivered continued strong momentum in compute, strong growth in our security portfolio, steady operating margins and healthy earnings growth on the bottom-line. Second quarter revenue grew to $980 million, up 5% year-over-year as reported and up 6% in constant currency.