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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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%.
Source: AP - 🏆 728. / 51 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »