Akamai
– Revenue: Akamai Technologies had a good start to the year, with revenue of $916 million in Q1, a 1% increase compared to last year.
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Earnings Per Share (EPS): The company's earnings per share were down 24% compared to last year, but when adjusted for foreign exchange, they were up 1%.
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Guidance: Akamai raised its guidance for the full year, which is a positive sign.
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Security Revenue: Security has become their biggest source of revenue.
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Restructuring: The company is also focusing on restructuring.
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What to Watch: Investors will be interested to see how Akamai performs in the future.
New Relic
– Revenue: New Relic, Inc. had a successful first quarter in fiscal year 2024. Their total revenue increased by 12% compared to last year.
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Acquisition: The company also entered into an agreement to be acquired for $6.5 billion. This is a big deal for New Relic and shows their growth. The company will become private soon.
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Recognition: They are recognized as a leader in APM and Observability and have launched new products.
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What to Watch: Investors will be watching closely to see how the acquisition goes and how New Relic continues to grow.
Stay tuned for next week's earnings call for more information on both companies.
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