Akamai Technologies Inc (AKAM.O)
Latest Key Developments (Source: Significant Developments)
Akamai Technologies Inc:Says strategic partnership agreement with China Unicom Corp Ltd's cloud division - CU Cloud.As part of the strategic partnership, CU Cloud has agreed to complement its own Cloud services for global businesses with Akamai's full suite of industry-leading media delivery, web performance, and cloud security offerings.CU Cloud plans to leverage Akamai for CDN technology that will be available for the delivery of its Cloud services.Akamai enables operators to deploy a highly scalable, completely turnkey CDN that leverages the same technologies found within the Akamai Intelligent Platform. Full Article
Akamai Technologies Inc:Expects an adjusted profit of 55-59 cents per share and revenue of $532 million-$547 million for the Q2 2015 - Reuters.Analysts on average were expecting earnings of 63 cents per share and revenue of $544.8 million in Q2 2015, according to Thomson Reuters I/B/E/S. Full Article
Akamai Technologies Inc:Acquired Octoshape in a cash transaction.Octoshape's services are designed to help optimize the quality of video streams for over-the-top (OTT) content and to enable Internet Protocol television (IPTV) solutions. Full Article
Akamai Technologies Inc:Says it has acquired Xerocole, a provider of recursive DNS functionality, in a cash transaction.Acquisition is expected to allow Akamai to expand its DNS product portfolio beyond the Company's existing Authoritative DNS products to more completely meet the needs of customers and network partners.Acquisition is not material to Akamai's financials. Full Article
Akamai Technologies Inc:Expects Q1 2015 revenues to be $517-$534 million.Expects Q1 2015 non-GAAP EPS to be $0.60-$0.63.Q1 2015 revenue of $527 million - Thomson Reuters I/B/E/S.Q1 2015 EPS of $0.62 - Thomson Reuters I/B/E/S. Full Article
Akamai Technologies Inc , whose main business helps speed up content delivery over the internet, reported a near 6 percent rise in quarterly revenue, helped by strong demand for its cloud security products.