Jim Cramer highlights Akamai’s cloud growth and robotics workload momentum
Akamai Technologies reported second-quarter revenue of $1.1 billion, up 5% year over year, with security revenue rising 10% to $604 million and cloud infrastructure services surging 39% to $99 million. Investors focused on a multi-year cloud infrastructure commitment valued over $600 million for robotic workloads. Management guided full-year revenue to $4.445–$4.530 billion, while capex stayed elevated near 40% of revenue.