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Akamai: Revenue By Solution Category

The following excerpt is from the company's SEC filing.

Media Delivery Solutions revenue was

$245 million

year-over-year and up

when adjusted for foreign exchange*

Performance and Security Solutions revenue was

$263 million

Cloud Security Solutions revenue, a component of Performance and Security, was

$65 million

Service and Support Solutions revenue was

$43 million

Revenue by Geography:

U.S. revenue was

$401 million

increase over

quarter

International revenue was

$150 million

and a

increase when adjusted for foreign exchange*

Income from operations:

GAAP income from operations was $

116 million

decrease over

GAAP income from operations of $

120 million

. GAAP operating margin for the

quarter of

, down three percentage points from the same period last year.

Non-GAAP income from operations* was

$157 million

, relatively consistent with

non-GAAP income from operations of

$158 million

. Non-GAAP operating margin* for the

Net income:

GAAP net income was

$88 million

GAAP net income of

$91 million

. Non-GAAP net income* was

$112 million

non-GAAP net income of

$111 million

GAAP EPS was

per diluted share, a

GAAP EPS of

, and a 3% increase when adjusted for foreign exchange*. GAAP EPS for the quarter included a $0.06 per diluted share tax benefit from the retroactive application of a U.S. tax court ruling with respect to the treatment of stock-based compensation in intercompany transactions.

Non-GAAP EPS was

per diluted share, consistent with

non-GAAP EPS and a 5% increase when adjusted for foreign exchange*.

Adjusted EBITDA*:

Adjusted EBITDA was

$222 million

Adjusted EBITDA of

$213 million

. Adjusted EBITDA margin* for the

Other third quarter 2015 results included:

Cash from operations was

$183 million

of revenue

Cash, cash equivalents and marketable securities as of

September 30, 2015

$1.5 billion

The Company spent

$76 million

to repurchase

1.1 million

shares of its common stock at an average price of

$72.02

per share

The Company had approximately

178 million

shares of common stock outstanding as of

*See Use of Non-GAAP Financial Measures below for definitions.

Quarterly Conference Call

Akamai will host a conference call today at 4:30 p.m. ET that can be accessed through 1-877-703-6109 (or 1-857-244-7308 for international calls) and using passcode No. 16030768. A live webcast of the call may be accessed at

www.akamai.com

in the Investor section. In addition, a replay of the call will be available for one week following the conference by calling 1-888-286-8010 (or 1-617-801-6888 for international calls) and using passcode No. 32698839. The archived webcast of this event may be accessed through the Akamai website.

About Akamai

As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company’s advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move

faster forward

, please visit

blogs.akamai.com

, and follow @Akamai on Twitter.

AKAMAI TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

December 31, 2014

ASSETS

Cash and cash equivalents

256,471

238,650

Marketable securities

411,382

519,642

Accounts receivable, net

365,957

329,578

Prepaid expenses and other current assets

115,601

128,981

Deferred income tax assets

61,574

45,704

Current assets

1,210,985

1,262,555

Property and equipment, net

734,540

601,591

837,020

869,992

Goodwill and acquired intangible assets, net

1,294,478

1,183,706

Other assets

105,898

81,747

Total assets

4,184,809

4,001,546

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

276,192

282,098

Other current liabilities

55,814

51,913

Current liabilities

332,006

334,011

Deferred income tax liabilities

49,925

39,299

Convertible senior notes

619,365

604,851

Other liabilities

97,850

78,050

Total liabilities

1,099,146

1,056,211

Stockholders' equity

3,085,663

2,945,335

Total liabilities and stockholders' equity

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

Nine Months Ended

(in thousands, except per share data)

June 30, 2015

September 30, 2014

551,030

540,723

498,042

1,618,289

1,427,579

Costs and operating expenses:

Cost of revenue

(1) (2)

183,204

179,910

158,812

532,408

447,742

Research and development

38,396

36,693

32,583

110,917

92,869

Sales and marketing

107,426

111,501

96,215

322,406

268,742

General and administrative

99,543

99,152

81,905

288,287

239,946

Amortization of acquired intangible assets

20,284

23,654

Restructuring charges (benefits)

Total costs and operating expenses

435,341

434,463

377,803

1,274,819

1,074,142

115,689

106,260

120,239

343,470

353,437

Interest income

Interest expense

(4,630

(4,678

(4,482

(13,884

(10,939

Other income (expense), net

(1,605

(1,702

(1,968

Income before provision for income taxes

113,986

102,518

117,579

336,149

345,919

Provision for income taxes

25,946

35,318

26,424

103,163

109,078

88,040

67,200

91,155

232,986

236,841

Net income per share:

Diluted

Shares used in per share calculations:

178,547

178,682

178,186

178,591

178,324

180,364

180,738

180,955

180,642

181,278

(1) Includes stock-based compensation (see supplemental table for figures)

(2) Includes depreciation and amortization (see supplemental table for figures)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Cash flows from operating activities:

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

74,785

73,989

67,415

219,234

179,643

Stock-based compensation

31,046

32,251

28,008

92,966

84,800

Excess tax benefits from stock-based compensation

(2,114

(9,609

(4,297

(24,851

(23,958

(Benefit) provision for deferred income taxes

(1,666

(24,580

(11,218

(17,941

10,622

Amortization of debt discount and issuance costs

Other non-cash reconciling items, net

Changes in operating assets and liabilities, net of effects of acquisitions:

(26,415

18,260

(8,959

(40,707

(50,213

13,839

(9,348

16,119

(22,346

(5,575

84,376

15,417

26,098

36,876

Deferred revenue

(2,122

Other non-current assets and liabilities

13,822

(1,529

18,247

(10,195

Net cash provided by operating activities

182,608

264,023

173,282

546,360

462,529

Cash flows from investing activities:

Cash received (paid) for acquired businesses, net of cash acquired

(106,883

(122,445

(386,532

Purchases of property and equipment and capitalization of internal-use software development costs

(133,064

(96,013

(71,782

(366,146

(226,307

Purchases of short- and long-term marketable securities

(178,200

(308,685

(204,607

(584,189

(1,068,198

Proceeds from sales and maturities of short- and long-term marketable securities

197,440

222,030

93,300

727,125

631,422

(1,128

(1,827

(3,037

Net cash used in investing activities

(114,452

(291,378

(177,895

(348,692

(1,042,393

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued

Cash flows from financing activities:

Proceeds from the issuance of convertible senior notes, net

678,735

Proceeds from the issuance of warrants

77,970

Payment for bond hedge

(101,292

Repayment of acquired debt and capital leases

(17,862

Proceeds from the issuance of common stock under stock plans

17,776

12,072

17,362

54,288

75,361

Employee taxes paid related to net share settlement of stock-based awards

(7,817

(8,253

(8,957

(47,171

(43,205

Repurchases of common stock

(76,358

(63,388

(39,022

(202,426

(226,513

(1,250

(1,575

(2,050

Net cash (used in) provided by financing...


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