May 13, 2025 | Posted by Abdul-Rahman Oladimeji
Akamai has completed the migration of customers from bankrupt CDN firm Edgio. Akamai Technologies' CEO Tom Leighton said that of those customer accounts acquired from Edgio, the company has seen a $16 million commitment over the next three years. In total, Akamai saw a revenue of $1.015 billion for the quarter, up three percent year-on-year (YoY), of which its security and compute offerings represent 69 percent, up 10 percent YoY.
CEO Leighton noted that the company signed cloud computing deals with customers in the quarter, with "a global live streaming service with hundreds of millions of users, a major cybersecurity provider in the US, a European industrial products company, and a global developer of immersive video games."
Leighton added: "That said, there is concern among some of our customers about a possible recession, which could impact bookings later in the year. And some of our customers outside the US have raised concerns about whether they should rely on American companies for critical infrastructure. Neither issue has impacted our business to date, and we’re working to reassure customers that Akamai will continue to serve them as we always have."
