Wednesday, February 16, 2005

Akamai Revenues Rise 8% Sequentially

Akamai Technologies reported Q4 revenue of $57.6 million, an 8 percent increase over the previous quarter's revenue of $53.3 million, and a 27 percent increase over fourth quarter 2003 revenue of $45.2 million. Total revenue for 2004 was $210.0 million, a 30 percent increase over 2003 revenue of $161.3 million. Q4 net income (GAAP) was $13.4 million, or $0.10 per diluted share, a 19 percent increase over previous quarter net income of $11.2 million, or $0.08 per diluted share, and a $15.5 million improvement over the 2003 fourth quarter net loss of $2.1 million, or a loss of $0.02 per share.

"These quarterly and full-year financial results were the most successful in the company's six-year history," said George Conrades, chairman and CEO of Akamai. "In 2004, we demonstrated the power of the Akamai business model by delivering strong revenue growth, high profit margins, sustainable cash flow, and increasing profitability. The market opportunity for our on-demand platform, our growing customer base, and our demonstrated ability to innovate will continue to drive our success."


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