quartr
AKAM: Cloud and security revenue surged, driven by AI demand and major multi-year cloud deals
Q2 2026 revenue grew 5% year-over-year to $1.1 billion, with cloud infrastructure services up 39% and security revenue up 10%. Multi-year cloud commitments surpassed $2.8 billion, and full-year CIS revenue is expected to grow at least 50%. Share repurchases paused to prioritize CIS investment.Based…