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Akamai selected as strategic cloud computing provider by one of the world's largest technology companies, with a multi-year commitment to spend over $100M on cloud infrastructure services

1. Akamai signs multi-year strategic usage deal. Deal exceeds $100M. 2. Customer leverages Akamai's full-stack cloud computing. Comprehensive portfolio usage is emphasized. 3. Partnership deploys managed Kubernetes and secure VPCs. Ultra-low latency performance is highlighted. 4. Agreement targets global platforms. Enhanced cloud economics and reliability are key factors.

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Why Bullish?

The contract injects over $100M in potential recurring revenue and validates Akamai's core technologies. Similar past deals in the tech sector, such as those seen with strategic cloud partners, have driven positive share price movements.

How important is it?

The significant size and strategic nature of the deal reinforce customer confidence and could drive future technological adoption and revenue. This contract is a key milestone likely to positively affect investor sentiment and market valuation.

Why Long Term?

The multi-year nature and the integration of full-stack services indicate structural revenue growth and strategic positioning. Historical agreements have led to sustained long-term performance improvements.

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CAMBRIDGE, Mass., Feb. 20, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it has closed a multi-year strategic usage agreement with one of the world's largest technology companies. Under the terms of the deal, over $100M will be spent on Akamai's full-stack cloud computing capabilities. The customer will have the flexibility to leverage Akamai's full portfolio to manage, deliver, and secure data to augment and improve its own infrastructure services. "Technology platforms with a massive global presence require sophisticated and reliable cloud services," said Akamai COO and GM, Cloud Technology Group, Adam Karon. "Akamai provides the scale this customer requires along with ultra-low latency performance to help ensure that every user has the best experience possible no matter where they are in the world." Akamai will deploy managed Kubernetes clusters in secured virtual private cloud (VPC) environments, load-balance user traffic, and apply integrated application and network security together on Akamai Cloud to enable optimal performance at more attractive cloud economics. These capabilities will help to ensure an excellent experience for users while enabling the customer to manage traffic and data locally. About AkamaiAkamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense-in-depth to safeguard enterprise data and applications everywhere. Akamai's full-stack cloud computing solutions deliver performance and affordability on the world's most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn. Akamai Statement Under the Private Securities Litigation Reform Act This press release contains statements that are not statements of historical fact and constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Akamai's capabilities and the expected benefits of the transaction to Akamai, the customer and its users. Each of the forward-looking statements is subject to change as a result of various important factors, many of which are beyond the company's control, including, but not limited to: Akamai being unable to achieve the anticipated benefits of the transaction; Akamai's capabilities failing to meet expectations, including due to defects, security breaches, delays in performance or other similar problems; effects of competition, including pricing pressure and changing business models; impact of macroeconomic trends, including economic uncertainty, turmoil in the financial services industry, the effects of inflation, rising and fluctuating interest rates, foreign currency exchange rate fluctuations, securities market volatility and monetary supply fluctuations; continuing supply chain and logistics costs, constraints, changes or disruptions; defects or disruptions in Akamai's products or IT systems, including cyber-attacks, data breaches or malware; changes to economic, political and regulatory conditions in the United States or internationally; and other factors that are discussed in the company's most recent Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Akamai does not undertake any obligation to update any forward-looking statement, except as required under applicable law. ContactsAkamai PR[email protected] Investor relations[email protected] SOURCE Akamai Technologies, Inc.

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