Akamai posts higher quarterly profit

Wed Oct 24, 2012 4:10pm EDT

Oct 24 (Reuters) - Internet content delivery company Akamai Technologies Inc posted a 14 percent rise in third-quarter profit, helped by higher margins.

Revenue rose 22 percent to $345.3 million.

Net income rose to $48.2 million, or 27 cents per share, from $42.3 million, or 23 cents per share, a year earlier.

Akamai helps clients such as Apple Inc and Netflix Inc deliver content faster by avoiding congestion on the Web.