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Oct 24 (Reuters) - Akamai Technologies Inc's aggressive push into cloud security helped the company trump analysts' quarterly profit and revenue estimates amid declines in its business of delivering media content through the web.
The company's shares rose 2.5 percent to $53.24 in after-hours trading on Tuesday.
Akamai has been bolstering its performance and security solutions as its media content delivery business remains under pressure from large media customers, such as Apple Inc and Amazon.com, developing in-house capabilities to handle their web traffic.
Revenue in the cloud security business surged 27 percent to $121 million in the third quarter ended Sept. 30, while it declined 1 percent to $273 million in its media division.
Revenue in the media division has dropped for eight quarters in a row.
The company's net income fell to $60.5 million, or 35 cents per share, in the third quarter ended Sept. 30, from $76 million, or 43 cents per share, a year earlier.
Excluding items, the company earned 62 cents per share, beating analysts' average estimates of 59 cents, according to Thomson Reuters I/B/E/S.
Total revenue rose 6.4 percent to $621.4 million, trumping estimates of $610.7 million. (Reporting by Sonam Rai and Supantha Mukherjee in Bengaluru; Editing by Sriraj Kalluvila)