Akamai profit rises 65 pct, shares jump

Wednesday, 23 Oct 2013 | 4:06 PM ET

Oct 23 (Reuters) - Akamai Technologies Inc, whose products help to move content quickly over the Internet, reported a 65 percent rise in profit as mobile activity and app downloads increased after Apple Inc launched its iOS 7 platform.

Akamai's shares rose about 9 percent in extended trading.

Net income rose to $80 million, or 44 cents per share, in the third quarter, from $48 million, or 27 cents per share, a year earlier.

Excluding items, the company earned 50 cents per share.

Revenue rose 15 percent to $396 million.

(Reporting by Supantha Mukherjee and Chandni Doulatramani in Bangalore; Editing by Don Sebastian)

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