Akamai Technologies (AKAM) Tops Q3 EPS by 4c

Akamai Technologies (NASDAQ: AKAM) reported Q3 EPS of $0.62, $0.04 better than the analyst estimate of $0.58. Revenue for the quarter came in at $551 million versus the consensus estimate of $550.29 million.

"The third quarter was another solid quarter for Akamai on both the top and bottom lines. We delivered earnings that exceeded our expectations, even as we continued to invest in innovation, new products and global infrastructure to meet future demand," said Dr. Tom Leighton, Chief Executive Officer. "We were particularly pleased with the continued, very strong growth of our Cloud Security Solutions. Revenue from our Cloud Security Solutions grew 44% year-over-year in constant currency, and now exceeds an annualized run rate of $250 million, making Akamai one of the world's largest cloud security service providers."

For earnings history and earnings-related data on Akamai Technologies (AKAM) click here.

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