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Akamai Technologies Inc soared 6.8% to $101.42 after the cyber security and internet infrastructure company reported better-than-expected second quarter earnings. 

Second quarter revenue increased 4% to $936 million from $903 million and net income rose 7% to $129 million from $137.8 million and diluted earnings per share fell to 84 cents from 85 cents a year ago. 

The company repurchased 1.6 million shares for an average price of $83.97 per share and a total of $137 million. 

The company also revised higher its full-year 2023 estimates and guided its third quarter revenue between $937 million and $952 million and full-year revenue between $3.765 billion and $3.795 billion. 


09 Aug, 2023

     

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