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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 (NASDAQ: AKAM) announced the launch of its new Account Protector solution aimed at preventing account takeover attacks by human threat actors. Utilizing behavioral analytics and reputation heuristics, the solution assesses user risk in real time without compromising legitimate user experience. Integrated into Akamai's Intelligent Edge Platform, it analyzes user behavior and provides risk scores to enhance security decision-making. The launch addresses increasing threats to digital assets and is aligned with Akamai's strategy to enhance edge security.
Akamai (NASDAQ: AKAM) announced significant enhancements to its EdgeWorkers serverless edge compute solution, aimed at improving digital experiences. These include increased flexibility for developers with new resource tiers offering free usage for 60 million EdgeWorkers events monthly. EdgeKV facilitates high-availability data access at the edge, previously used for geolocation compliance. Furthermore, API Acceleration optimizes performance for API traffic, reflecting a 53% increase in API requests delivered in 2020. These innovations are set to boost application development and user experience at the edge.
Akamai Technologies, Inc. (NASDAQ: AKAM) has appointed Dr. Boaz Gelbord as senior vice president and chief security officer, effective June 14, 2021. He will lead Akamai's information security organization, overseeing cybersecurity, compliance, and safeguarding of systems and data across its global intelligent edge platform. Gelbord brings over 15 years of experience from previous roles at Dun & Bradstreet, Bloomberg LP, and Amplify Education. CEO Tom Leighton highlighted Gelbord's expertise in enhancing Akamai's internet protection capabilities during a time of heightened cybersecurity threats.
Akamai Technologies, Inc. released its State of the Internet/Security report, highlighting a significant rise in cyber threats to financial services in 2020. Credential stuffing attacks surged to 193 billion globally, with 3.4 billion targeting financial organizations, marking a 45% year-over-year increase. Web application attacks reached nearly 6.3 billion, with financial services seeing a 62% rise. The report also analyzed phishing kits, revealing the Kr3pto kit targeted 11 UK banks, while Ex-Robotos focused on corporate phishing. The findings emphasize the growing risk of cyber threats in the financial sector.
Akamai (NASDAQ: AKAM) reported robust Q1 2021 financial results with revenue of $843 million, marking a 10% year-over-year increase. Strong growth was seen in the Security Technology Group with revenue at $310 million, up 29%. The Edge Technology Group generated $532 million, a 2% increase. GAAP net income rose 26% to $156 million, with GAAP EPS at $0.94. Adjusted EBITDA reached $375 million, up 15%, highlighting a healthy operational margin.
Cash from operations was $250 million, representing 30% of revenue.
Akamai Technologies (NASDAQ: AKAM) announced a conference call scheduled for May 4, 2021, at 4:30 p.m. ET, to discuss its first quarter 2021 financial results. The call will include management's forward-looking financial guidance and will be accessible via Akamai's Investor Relations page. The live dial-in numbers are (844) 578-9671 for the U.S. and (508) 637-5655 internationally. Replay details will be available for two weeks post-call. Upcoming financial results will be reported on August 3, 2021, November 2, 2021, and February 15, 2022.
Akamai Technologies has appointed Sharon Y. Bowen to its Board of Directors effective April 2, 2021. Bowen, a distinguished expert in finance and law, has served on the board of Intercontinental Exchange since December 2017 and held positions at the Commodity Futures Trading Commission and the Securities Investor Protection Corporation. Her extensive background in corporate governance and strategic alliances is expected to bolster Akamai's leadership amid evolving regulatory conditions. She expressed enthusiasm about contributing to Akamai's mission of securing digital experiences.
Akamai Technologies (NASDAQ: AKAM) announced the launch of its Vaccine Edge solution for Salesforce Vaccine Cloud, facilitating effective online COVID-19 vaccine distribution for various organizations. This technology ensures fast page load times and manages traffic surges by routing users to a waiting room during high demand. Vaccine Edge includes built-in DDoS protection to enhance security. The solution is now operational in the U.S. and Canada, aiding government agencies and healthcare providers in managing vaccination appointments.
Akamai Technologies, Inc. (NASDAQ: AKAM) announced the upcoming retirement of chairman Frederic V. Salerno effective June 3, 2021. Daniel R. Hesse, an existing board member and chair of the ESG committee, will succeed him. Salerno has been with Akamai since 2002, contributing significantly to its growth from a $300 million market cap to over $16 billion today. Hesse, a former CEO of Sprint, aims to enhance Akamai’s commitment to corporate responsibility. CEO Tom Leighton acknowledged Salerno’s pivotal leadership over the last two decades.
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