Akamai Technologies reported financial results for the second quarter ended June 30, 2015. Revenue was $541 million, a 14% increase over second quarter 2014 revenue of $476 million and an 18% increase when adjusted for foreign exchange.
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"Akamai delivered a solid second quarter with strong revenue growth across every geography and solution category, with particularly strong growth in our Cloud Security Solutions," said Tom Leighton, chief executive officer.
"We are continuing to make major investments in innovation and the expansion of our platform to develop new products and to accommodate the potential for substantially increased OTT traffic in 2016."
Media Delivery Solutions revenue was $244 million, up 12% year-over-year and up 17% when adjusted for foreign exchange.
Performance and Security Solutions revenue was $256 million, up 15% year-over-year and up 19% when adjusted for foreign exchange, which includes Cloud Security Solutions revenue of $61 million, up 39% year-over-year and up 44% when adjusted for foreign exchange.
Service and Support Solutions revenue was $41 million, up 14% year-over-year and up 18% when adjusted for foreign exchange.
U.S. revenue was $399 million, a 16% increase over second quarter 2014. International revenue was $142 million, a 7% increase over second quarter 2014 and a 22% increase when adjusted for foreign exchange.
GAAP income from operations was $106 million, a decrease over second quarter 2014 GAAP income from operations of $112 million. GAAP operating margin for the second quarter of 2015 was 20%, down four percentage points from the same period last year.
Non-GAAP income from operations was $150 million, a decrease from $156 million in the second quarter 2014. Non-GAAP operating margin for the second quarter of 2015 was 28%, down five percentage points from the same period last year.
GAAP net income was $67 million, an 8% decrease over second quarter 2014 GAAP net income of $73 million. Non-GAAP net income was $102 million, a 3% decrease over second quarter 2014 non-GAAP net income of $106 million.
GAAP EPS was $0.37 per diluted share, an 8% decrease over second quarter 2014 GAAP EPS of $0.40, and down 2% when adjusted for foreign exchange. Non-GAAP EPS was $0.57 per diluted share, a 2% decrease over second quarter 2014 non-GAAP EPS of $0.58 and up 3% when adjusted for foreign exchange.
Adjusted EBITDA was $214 million, up from $204 million in the second quarter of 2014. Adjusted EBITDA margin for the second quarter of 2015 was 40%, down three percentage points from the same period last year. ■