other material
confidence high
sentiment neutral
materiality 0.20
Akamai suspends sales in Russia/Belarus, terminates state-owned customers; revenue impact <1%
AKAMAI TECHNOLOGIES INC
- Suspends all sales in Russia and Belarus; terminates business with state-majority-owned customers; complies with all sanctions.
- Revenue from Russian/Belarusian/sanctioned customers was ~0.1% of total 2021 revenue.
- Traffic delivering content into Russia, Belarus, Ukraine was ~0.9% of 2021 revenue.
- Will maintain network in Russia to support global customers delivering vital information.
- Akamai Foundation commits to humanitarian aid; offers cybersecurity help to Ukrainian government.