tech
Akamai stock soars 20% on earnings, $1.8 billion AI infrastructure deal
Cybersecurity and cloud computing firm Akamai reported first-quarter earnings on Thursday and saw its cloud infrastructure business grow 40% year-on-year.
TL;DR
- Akamai reported first-quarter earnings.
- The company's cloud infrastructure business grew by 40% compared to the previous year.
- This indicates strong performance in Akamai's cloud services.