Thread regarding Akamai Technologies Inc. layoffs

Layoffs acknowledged in earnings call

And here it is ... from

Moving on to earnings. It is worth noting that our Q4 GAAP results include a
$10 million restructuring charge and we expect to record an additional
restructuring charge of approximately $4 million to $7 million in Q1 of 2020.
These charges are primarily related to reductions of approximately 1% of our
global workforce. It is important to note these restructuring actions are being
taken to enable some rebalancing of our investments, de-investing in some
areas and investing in others and to position the company to meet our long-
term goals of continued growth and scale. Also included in our restructuring
charges are some small capitalized software impairments related to projects
we no longer feel provide adequate return on our investment. Therefore, GAAP
net income for the fourth quarter was $119 million or $0.73 of earnings per
diluted share. Non-GAAP net income was $202 million or $1.23 of earnings per
diluted share, up 15% year-over-year, up 16% in constant currency and $0.08
above the high end of our guidance range. This outperformance was driven by
higher than expected revenue and a lower non-GAAP effective tax rate due to
higher than expected foreign earnings. Taxes included in our non-GAAP
earnings were $30 million based on a Q4 effective tax rate of 13%.

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