Strong Third Quarter Financial Performance
Akamai reported Q3 revenue of $1.055 billion, up 5% year-over-year. Non-GAAP operating margins improved to 31%, and non-GAAP EPS was $1.86, up 17% year-over-year.
Cloud Infrastructure Services Growth
Cloud Infrastructure Services revenue was $81 million, representing a 39% increase year-over-year. This marks an acceleration from the 30% growth rate in Q2.
High-Growth Security Products
Combined revenue from high-growth security products like API security and Zero Trust Enterprise Security grew 35% year-over-year.
Launch of Akamai Inference Cloud
Akamai launched the Akamai Inference Cloud to support AI Inference at the edge, with strong initial customer interest and partnerships with NVIDIA.
Significant Customer Wins
Akamai signed numerous new and expanded contracts, including a $37 million renewal with a multinational gaming company and a $31 million commitment with a major European bank.