The Cambridge, Massachusetts-based company forecasts revenue to be between $937 million and $952 million for the quarter ending Sept. 30, compared with analysts' average estimate of $931 million, according to Refinitiv data.
The company expects adjusted profit per share for the third quarter to be between $1.48 and $1.52, while analysts estimated $1.41.
Akamai also raised its full-year revenue forecast to between $3.77 billion and $3.80 billion, compared with its prior projection of $3.74 billion to $3.79 billion.
Security and compute revenue, which formed 59% of the company's total revenue in the quarter, grew 14% over the year earlier, the company said.
Excluding items, the company's profit per share was $1.49, compared with analysts' expectations of $1.41.
Persons:
Akamai, Rishi Jaluria, Jaluria, Zaheer Kachwala, Jaspreet Singh, Shilpi Majumdar
Organizations:
Akamai Technologies, Wall, RBC Capital Markets, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson
Locations:
Cambridge , Massachusetts, Bengaluru