Akamai profit up as Web growth trumps economy woes

http://www.reuters.com

By Ritsuko Ando April 30, 2008

Akamai Technologies Inc said on Wednesday its first-quarter profit and revenue rose as growing Internet use boosted demand for its Web content delivery service despite an economic slowdown.

Its quarterly profit rose to $36.9 million, or 20 cents per share, from $19.2 million, or 11 cents a share, a year earlier.

Adjusted income rose to 41 cents per share from 28 cents a share a year earlier, exceeding analysts' expectations of 39 cents a share.

Quarterly revenue rose 34 percent to $187.0 million from $139.3 million, helped by the growing popularity of video and other bandwidth-heavy Internet services, Akamai said.

Click here to read Ritsuko Ando's full report via Reuters.


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