(MT Newswires) -- Akamai, led by CEO Tom Leighton, is seeing a slowdown in its traditional content delivery (CDN) business. The company is adapting by focusing on more dynamic sectors. The majority of the company's revenues now come from security services, which are showing double-digit growth, and computing services, which generated half a billion dollars last year, with strong growth forecast for the current year. These two new segments account for two-thirds of sales.
 
The computing market is booming, topping $100 billion. Akamai has set itself apart by providing computing solutions for virtual machines, containers and kubernetes, with the aim of offering full support in 100 cities around the world by the end of the year. 
 
In response to market changes, Akamai is redirecting resources from CDN to security and compute, resulting in solid growth and improved profitability. The company is also leveraging its own compute platform for internal applications, generating savings that are being reinvested in innovation.
 
Growth in distribution is slightly higher than last year but remains below pre-pandemic levels. Akamai is choosing its contracts more selectively, focusing on profitability, which means it can shift more investment towards security and computing.
 
Leighton expects Akamai's overall revenue growth to accelerate and its net profit to continue to improve as a result of its focus on security and compute.

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