Akamai Projects Cloud Infrastructure Services Revenue Between $1.1B and $1.3B by 2027
Akamai Technologies (AKAM) reported significant progress in its Cloud Infrastructure Services (CIS) segment during the third quarter. The company highlighted a major long-term growth driver through an $11.6 billion commitment with Anthropic spanning seven years. Management noted that while the partnership is a cornerstone of their cloud strategy, approximately $30 million in revenue originally expected sooner has shifted into 2027 due to timing adjustments. Despite this shift, Akamai anticipates CIS revenue will reach between $1.1 billion and $1.3 billion by 2027.
Tickers: $AKAM
Topics: cloud infrastructure services quarterly earnings strategic partnership