Akamai’s revenue beat estimates on higher cloud service demand

(Reuters) – Akamai Technologies Inc, a provider of services that speed up delivery of content over the internet, reported better-than-expected quarterly revenue and profit, helped by higher demand for its cloud security services. Revenue from Akamai’s cloud security business, which protects websites and data centers from cyber attacks, rose 46 percent to $80.7 million for the first quarter. Akamai Chief Executive Tom Leighton said he expected the Olympics and U.S. presidential elections to lead to a sharp rise in Internet traffic this year.

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