AKAMAI REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS
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Akamai Technologies reported a 4% year-over-year increase in third-quarter revenue, reaching $1.005 billion. Security and compute revenue, which made up 68% of total revenue, grew by 17% year-over-year.
November 07, 2024 | 9:15 pm
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Akamai Technologies reported a 4% increase in Q3 2024 revenue to $1.005 billion, with security and compute revenue growing 17% year-over-year.
The positive revenue growth, especially in the high-margin security and compute segments, suggests strong business performance, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100