- June 16, 2021
- Posted by: Stratford Team
- Category: Business
Security has steadily made up a larger share of revenues at Akamai Technologies as businesses look to protect their online networks, CEO Tom Leighton said on CNBC Tuesday.
The Cambridge, Massachusetts-based content publishing platform, which also offers cloud security services to businesses, reported that its security division accounted for 37% of total revenues in the first quarter, up from a share of 31% a year prior.
“You’ve got to adopt a model of zero trust of security,” Leighton told Jim Cramer in a “Mad Money.” “You can’t just allow unfettered access once you’re past the firewall.”
Akamai reported bringing in $843 million in revenue in the three-month period ended March 31. About $310 million of that was delivered through the security arm, up 29% from $240 million in the year-ago quarter.
In the same quarter, Akamai’s Edge Technology Group, which helps businesses produce and distribute content, grew by less than 2% and made up 63% of revenues, down…
