CAMBRIDGE: Akamai Technologies reported an 8% rise in fourth-quarter revenue on Tuesday, driven by stronger demand for both its cyber-security services and its traditional business of speeding up media content delivery on the web.
The company’s net income rose to US$94.0 million, or 57 cents per share, in the quarter ended Dec 31 from US$27.5 million, or 16 cents per share, a year earlier.
Akamai recorded a US$26 million provisional charge associated with the US tax law changes in the last year.
Revenue rose to US$713.4 million from US$658.5 million. Analysts on average expected the company to post revenue of US$703.7 million, according to IBES data from Refinitiv.