Akamai Technologies Inc (AKAM.O), a provider of services that speed up delivery of content over the internet, reported better-than-expected quarterly revenue and profit. The company has revealed growth was helped by higher demand for its cloud security services.
Revenue from Akamai’s cloud security business, which protects websites and data centres from cyber-attacks, rose 46 percent to $80.7 million for the first quarter. It has to be noted that the company’s revenue has risen from $567.7 million from $526.5 million. This even after the company lost two of its major clients from its media delivery business.
The rise in it cloud service security business is a clear testimony for rise in the cloud services market, which is seeing major business moving from the conventional data centres to both public and private cloud.