Akamai Technologies Inc

AKAM: XNAS (USA)
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Akamai Earnings: Cloud Computing Deals Continue to Arrive, Building a Strong Bookings Backlog

Akamai reported good results with 39% cloud computing growth offsetting declines in delivery revenue. Management guidance for the third quarter was a little light, but was overshadowed by the announcement of a four-year, $600 million cloud infrastructure service deal to power robotics development.

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