Akamai Technologies, Inc. reports developments in cybersecurity, cloud computing, and content delivery for enterprises, public-sector customers, media operators, and digital businesses. The company describes its business through Security, Delivery and other cloud applications, and Cloud Infrastructure Services, including Akamai Cloud and edge-based infrastructure.
Recurring updates include quarterly financial results, API security capabilities such as Security Posture Center and code-to-runtime mapping, brand-impersonation protection through Akamai Brand Guardian, threat research from State of the Internet reports, and partner or contract activity involving compute, streaming analytics, application delivery, and public-sector procurement.
Akamai (NASDAQ: AKAM) reported second-quarter financial results for 2020, showcasing strong revenue growth driven by Security and Media solutions. Revenue reached $795 million, a 13% increase from $705 million in Q2 2019. The Cloud Security Solutions segment saw a remarkable 27% growth, contributing $259 million to total revenue. Net income rose 42% to $162 million, while GAAP EPS increased by 42% to $0.98 per diluted share. Cash from operations was $299 million, highlighting a robust financial position amidst market challenges.
Akamai's latest report reveals that the media industry experienced a staggering 17 billion credential stuffing attacks from January 2018 to December 2019. Approximately 20% of these attacks targeted media companies, with a 63% year-over-year increase in attacks against the video media sector. The United States led with 1.1 billion attacks in 2019, up 162% from the previous year. Additionally, the report highlights a notable rise in attacks against published content, with a 7,000% increase.