Akamai posts 7.3 percent rise in quarterly revenue

Reuters News
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Posted: May 02, 2017 4:07 PM

(Reuters) - Akamai Technologies Inc, which helps speed up content delivery over the internet, reported a 7.3 percent rise in quarterly revenue as the company benefited from demand for its cloud security services.

The company's net income rose to $80.9 million, or 46 cents per share, in the first quarter ended March 31, from $74.9 million, or 42 cents per share, a year earlier.

Revenue rose to $609.2 million from $567.7 million.

Akamai has beefed up its presence in the fast-growing cloud security market as the company looks to counter slowing demand in its media-delivery business.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)