Akamai Technologies Q2 Profit Rises

(RTTNews) - Cloud computing company Akamai Technologies Inc. (AKAM) Wednesday reported second-quarter net income of $61.9 million or $0.34 per share, a 40 percent increase over last year's net income of $44.2 million or $0.24 per share.

Adjusted net income was $84.0 million or $0.46 per share compared to $67.1 million or $0.37 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew to $378.1 million from $331.3 million last year. Analysts estimated revenues of $374.15 million for the quarter.