The company also forecast current-quarter revenue and profit above Wall Street’s expectations. Akamai’s traditional media content delivery business has remained under pressure as many of its large customers such as Apple and Amazon develop in-house capabilities to handle their web traffic.

Revenue from the big six internet platform customers fell 14 percent to $44 million in the first quarter, but overall media and carrier division revenue rose six percent to $316 million.

Chief Executive Officer Tom Leighton said that the "big six" were now less than seven percent of its revenue overall and no longer having the impact on revenue growth that they did before.

Revenue from Akamai’s cloud security business surged 36 percent to $149 million. Sales growth in the unit has averaged about 33 percent in the last five quarters.

The company also set up a financial operation committee to lift its operating margin to 30 percent by 2020.

Akamai forecast second quarter revenue of $658 million to $670 million.

Analysts on average had estimated revenue of $656.8 million and profit of 70 cents per share.

Revenue rose 11.4 percent to $668.7 million in the first quarter, beating the estimate of $654 million

But net income fell 28 percent to $53.7 million on a $15 million restructuring charge and $23 million settlement related to a legal dispute.

Excluding items, earnings were 79 cents per share, topping the estimate of 70 cents, according to Thomson Reuters.