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Akamai Technologies Inc. (NASDAQ: AKAM), based in Cambridge, Mass., operates one of the world's largest and most recognized cloud platforms. The company’s core services include content delivery network (CDN), cloud security, and edge computing solutions. Akamai's extensive infrastructure includes over 325,000 servers distributed across more than 1,000 cities globally, ensuring that content is delivered with superior speed, security, and reliability.
One of Akamai's standout offerings is the Akamai Intelligent Platform™, which enables businesses to securely deliver high-performing user experiences on any device, anywhere. This platform is integral to the company's mission to remove technological complexities, allowing clients to focus on business acceleration and embracing modern trends like cloud, mobile, and media, while also mitigating the challenges posed by security threats.
Akamai's services are used extensively in e-commerce, media, and technological sectors. The company recently announced a partnership with Neural Magic to deploy high-powered AI software across its infrastructure, enhancing deep learning capabilities on cost-effective CPU-based servers. This partnership exemplifies Akamai’s commitment to cutting-edge innovation and enhancing its cloud computing and security offerings.
Adding to its diverse portfolio, Akamai has launched the Shield NS53 to protect DNS infrastructure against resource exhaustion attacks, complementing their existing DDoS protection and DNS solutions. Furthermore, Akamai's API Security product has achieved the latest PCI DSS compliance, highlighting its robust security measures for handling sensitive data.
Additionally, Akamai's acquisition of Noname Security is set to bolster its API protection capabilities, addressing the growing demand for API security solutions. The company has also demonstrated significant financial growth, with a notable increase in security and compute revenue, and continues to expand its market presence through strategic acquisitions and partnerships.
For the latest corporate updates, follow Akamai on social platforms like X (formerly Twitter) and LinkedIn, or visit their website at akamai.com.
Akamai Technologies reported its third-quarter financial results with revenue reaching $882 million, marking a 3% year-over-year increase and a 7% rise when adjusted for foreign exchange. Security and compute revenue comprised 55% of total revenue, growing 23% year-over-year. However, GAAP EPS fell 37% year-over-year to $0.68, indicative of broader macroeconomic challenges. While cash from operations was $369 million, the company’s net income saw a significant 40% decrease. Akamai also repurchased 1.8 million shares for $163 million.
Dynatrace (NYSE: DT) has appointed Jim Benson as Chief Financial Officer (CFO), effective November 15, 2022. Benson brings over 30 years of experience from leading technology companies, including Akamai Technologies, where he served as CFO from 2012 to 2019. He replaces Kevin Burns, who will assist during the transition period. CEO Rick McConnell expressed confidence in Benson's ability to lead the financial organization and drive growth. Dynatrace focuses on simplifying cloud complexity and enhancing digital transformation through its advanced observability platform.
Akamai Technologies (NASDAQ: AKAM) has announced a significant upgrade to its DDoS protection platform, Prolexic, enhancing its dedicated defense capacity by 100% to 20 Tbps. This upgrade focuses on combating increasingly sophisticated DDoS threats by deploying new software-defined scrubbing centers globally, improving both performance and reliability for online businesses. The rollout began in Q3 2022 and will continue into 2023 across North America, Europe, Asia, and the Middle East. Akamai's advancements aim to deliver unmatched security, ensuring optimal customer experience.
Techstrong Research conducted a study revealing a significant shift in cloud buyer preferences. Over 700 professionals indicated a growing importance on developer experience, equal to core technical performance. The report emphasizes three trends: the necessity for global reach and security in cloud platforms, the need for developer-centric environments to enable faster deployment, and the demand for distributed edge computing capabilities. These insights highlight the evolving landscape of cloud services where both performance and user experience are critical for success.
Akamai Technologies (NASDAQ: AKAM) partners with NESN, making it the first U.S. regional sports network to stream NHL and MLB games in native 4K/HDR. Fans can access 4K/HDR Bruins home games starting October 15, 2022, and Red Sox home games in April 2023 through the NESN 360 app. This collaboration utilizes Akamai's media delivery solutions, enhancing the viewing experience for sports enthusiasts across various devices. The partnership represents significant technological advancements in live sports streaming, allowing NESN to become a leader in delivering high-quality sports content.
Akamai Technologies (NASDAQ: AKAM) announced a conference call on November 8, 2022, at 4:30 p.m. ET, to discuss its third quarter 2022 financial results. The call may include forward-looking financial guidance. Investors can join the call via dial-in numbers, with replay options available for two weeks.
The company emphasizes its role in powering and protecting online experiences, providing solutions to enhance digital security and performance.
Akamai Technologies (NASDAQ: AKAM) has been recognized as a Leader in The Forrester Wave™: Web Application Firewalls, Q3 2022 report, which evaluated 12 vendors based on 24 criteria. Forrester highlighted Akamai for its advanced detection capabilities, powered by machine learning, and praised customer feedback regarding its App & API Protector dashboards. The report noted a significant 300% increase in web application attack attempts in early 2022, emphasizing the need for robust security solutions. Akamai's App & API Protector integrates several security technologies into a user-friendly platform.
Semrush (NYSE: SEMR) announces the appointment of Bill Wagner as an independent non-executive director to its Board, bringing over 20 years of SaaS experience. Wagner's previous role as CEO of GoTo (LogMeIn) saw the company grow significantly, reaching over
Dynatrace (NYSE: DT) has appointed two new executives to its leadership team: Nicole Fitzpatrick as General Counsel and Sue Quackenbush as Chief People Officer. Fitzpatrick, with over 20 years of legal experience, will oversee global legal affairs and lead the ESG program. Quackenbush, with 25 years in human resources, will focus on talent strategies and enhancing workplace culture. CEO Rick McConnell emphasized their experience will strengthen Dynatrace's position to capitalize on market opportunities amidst growing demand for cloud observability and security.
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