Internet bandwidth provider Akamai Technologies (AKAM) this afternoon reported Q3 revenue and profit that easily topped consensus, sending its shares sharply higher in late trading.
Revenue in the three months ended in September rose to $584 million, yielding EPS of 68 cents, excluding some costs.
Analysts had been modeling $572 million and 61 cents a share.
CEO Dr. Tom Leighton called the results “strong,” citing “accelerated growth in both our Cloud Security and Web Performance Solutions.”
Added Leighton,
As the cyber-attacks from last week demonstrate, enterprises need solutions capable of defending against massive botnets that are exploiting millions of online devices. This is an area where Akamai’s unique architecture and ongoing investments in global scale and security innovation continue to make a critical difference.
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