Akamai Stock Gains on Strong Earnings

Akamai Technologies posted better-than-expected third-quarter financial results and boosted its outlook for the full year, driven by strength in the company’s security software business.

Under generally accepted accounting principles, the company earned $1.04 a share. Non-GAAP operating margin was 31%, up three percentage points from a year earlier. Leighton also said that the company has saved tens of millions of dollars a year from shifting computing function to its own cloud and away from larger cloud computing platforms.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: Wall Street closes its best week of the year with even more gainsAsian shares have advanced following Wall Street gains last week that were buoyed by hopes for early interest rate cuts. South Korea's Kospi jumped more than 4% after the government restored a ban on short-selling that had been lifted since May 2021. Japan's benchmark was up 2.4%.
Fuente: AP - 🏆 728. / 51 Leer más »

Stock Market Today: Dow ends higher, but rising Treasury yields keep lid on gainsStock Market Today: Dow ends higher, but rising Treasury yields keep lid on gains
Fuente: Investingcom - 🏆 450. / 53 Leer más »