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Investing.com – Akamai Technologies (NASDAQ:AKAM) reported its Q2 results, with EPS coming in at $1.35, beating the consensus estimate of $1.31.
Revenue grew 6% year-over-year (up 9% when adjusted for FX) to $903 million, compared to the consensus estimate of $899 million.
Security revenue grew 17% year-over-year (up 21% when adjusted for FX) to $381 million. Delivery revenue declined 11% year-over-year (down 8% when adjusted for FX) to $417 million. Compute revenue grew 74% year-over-year (up 78% when adjusted for FX) to $106 million.
According to Dr. Tom Leighton, Akamai’s CEO, the company delivered another quarter of solid results, despite ongoing macro challenges. The results were driven by the strong growth of the company’s security and compute product groups, which now represent 54% of total revenue.
