Akamai Revenue Jumps Thanks to Demand for Cloud Security

October 25, 2016, 8:28 PM UTC
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Cloud Computing
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Akamai Technologies, whose main business helps speed up content delivery over the Internet, reported a near 6% rise in quarterly revenue, helped by strong demand for its cloud security products.

The company’s net income fell to $76.00 million, or 43 cents per share, in the third quarter ended Sept. 30, from $88.04 million, or 49 cents per share, a year earlier.

Revenue rose to $584 million from $551 million.

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The company’s shares rose 6.3% in extended trading.

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