Tuesday, July 24, 2012

Akamai Posts Revenue of $331 Million, up 20% YoY

Akamai Technologies posted Q2 revenues of $331 million, a 20 percent increase over second quarter 2011 revenue of $277 million. Net income (GAAP) was $44 million, or $0.24 per diluted share, an 8 percent decrease from second quarter 2011 GAAP net income of $48 million, or $0.25 per diluted share, and a 2 percent increase from first quarter 2012 GAAP net income of $43 million, or $0.24 per diluted share.

"Akamai's very strong second quarter results were driven on the top line by increased adoption of our cloud infrastructure solutions as well as continued growth of content delivery solutions," said Paul Sagan, President and CEO of Akamai. "Our bottom line performance was the result of significant benefits we have begun to realize from improvements we are making to scale our network operations."http://www.akamai.com