The Cambridge, Mass.-based company reported earnings of $113.9 million, or $1.07 a share, on revenue that rose 6.4% to $705.1 million. Analysts were expecting the company to report earnings of $1 a share on revenue of $695.8 million.
"Akamai delivered another quarter of strong results, with revenue and earnings exceeding our expectations. Security product revenue grew 34%, when adjusted for the impact of foreign exchange rates, to over $200 million in the quarter, and we saw continued strong OTT traffic growth on the Akamai Edge platform," said CEO Tom Leighton.
For the full year, the company raised its revenue forecast to between $2.84 billion and $2.87 billion and earnings between $4.23 and $4.30 a share. Previously, the company expected to generate between $2.82 billion and $2.86 billion in revenue with earnings between $4.05 and $4.20 a share.
"We believe we are well positioned to achieve our 30% margin goal in 2020, while continuing to invest in innovation and new products to drive future growth," Leighton said.
The stock was up 6.86% to $89.80 in trading Wednesday.
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