Wednesday, October 10, 2007

Limelight Boosts Third-Quarter Revenue Guidance

Limelight Networks, which provides content delivery network (CDN) services, boosted its financial guidance, saying it now expects 2007 third-quarter GAAP revenue to be in the range of $28.6 million to $29.1 million and non-GAAP revenue to be in the range of $27.5 million to $28.0 million, compared to earlier expectations of GAAP and non-GAAP revenue in the range of $27.0 million to $28.0 million and $25.5 million and $26.5 million, respectively, as provided on August 9, 2007.

During the quarter, Limelight signed in excess of 175 new customer contracts, increasing Limelight's active customer count to approximately 1,000. Complete financial results for the third-quarter are expected to be released during the week of November 5.

Limelight also announced that it has determined a need to restate previously filed financial statements to reflect higher historical revenue and improved historical losses for the year ended December 31, 2006 and the quarters ended March 31 and June 30, 2007, which financial statements should no longer be relied upon.

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