Aug 6 (Reuters) – Akamai Technologies beat analysts’ estimates for the second quarter on Thursday, supported by steady demand across its security and cloud infrastructure services portfolios, sending its shares up 10.5% in extended trading. The company recorded cloud infrastructure services revenue of $99 million, up 39% over the year earlier. Here are some details: […]
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Akamai beats quarterly estimates on cloud infrastructure demand
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Aug 6 (Reuters) – Akamai Technologies beat analysts’ estimates for the second quarter on Thursday, supported by steady demand across its security and cloud infrastructure services portfolios, sending its shares up 10.5% in extended trading.
The company recorded cloud infrastructure services revenue of $99 million, up 39% over the year earlier.
Here are some details:
• The cybersecurity and cloud computing company’s customers include Adobe, eBay and Electronic Arts, as well as the U.S. defense and labor departments.
• Its second-quarter revenue came at $1.099 billion, slightly ahead of analysts’ average estimate of $1.092 billion, according to data compiled by LSEG.
• Its adjusted profit per share of $1.59 also topped the estimate of $1.57.
• The company expects third-quarter revenue to be between $1.11 billion and $1.13 billion, and adjusted profit at $1.6 to $1.8 per share — both largely in line with estimates.
(Reporting by Arunesh Sinha; Editing by Shilpi Majumdar)