Akamai Technologies has raised its annual earnings forecast for 2025, thanks to robust demand for its cybersecurity and cloud services. The company is capitalising on the increasing investments businesses are making to secure their applications and infrastructure as cloud adoption accelerates. Akamai’s security segment, which accounts for a significant portion of its revenue, has shown impressive growth.
Key Points
- Akamai expects 2025 revenue between $4.05 billion and $4.20 billion, exceeding analyst expectations.
- The company’s security segment revenue rose to $531 million, an 8% increase in the first quarter.
- Shares rose 1.4% in extended trading after the announcement.
- Adjusted profit per share is projected to be between $6.10 and $6.40, slightly below analyst estimates of $6.24.
- Revenue for the second quarter is forecast to be between $1.01 billion and $1.03 billion, matching analyst expectations.
Why should I read this?
If you’re keen on the tech industry or follow cloud and cybersecurity trends, this article is a must-read! Akamai is making waves with its strong performance and bold forecasts, which means there’s a lot happening that could affect market dynamics. We’ve done the legwork so you can stay ahead without sifting through details—check it out!