Akamai beats quarterly estimates on cloud infrastructure demand

Aug 6 (Reuters) - ‌Akamai Technologies ​beat ​analysts' estimates for the second quarter on Thursday, ‌supported by steady demand across ⁠its security and cloud infrastructure services ‌portfolios, sending its shares ‌up 10.5% in extended trading.

The company recorded cloud infrastructure services ​revenue of $99 million, up 39% over the year earlier.

Here ⁠are some details:

• The cybersecurity and cloud computing ​company's customers include Adobe, eBay and Electronic Arts, as ​well as the U.S. ‌defense and labor departments.

• Its second-quarter revenue came ⁠at $1.099 billion, slightly ahead of analysts' average estimate of $1.092 billion, according ⁠to data compiled by LSEG.

• Its adjusted ​profit per share of $1.59 also topped the estimate of $1.57.

• The company expects ‌third-quarter revenue to be between $1.11 billion and $1.13 billion, and ‌adjusted profit at $1.6 to $1.8 ⁠per share — both ‌largely in ​line with estimates.

(Reporting by Arunesh Sinha; Editing by Shilpi ‌Majumdar)

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