Shares of the content delivery network operator Akamai Technologies are trading sharply higher after hours on Wednesday on better-than-expected results for the fourth quarter.
The company posted revenue for the quarter of $324 million, up 15% sequentially and 14% year-over-year, and ahead of the Street at $311.3 million. Normalized profits of 45 cents a share topped the Street at 40 cents.
CEO Paul Sagan said in a brief interview this afternoon that the company saw “strength across the board,” beating not only the Street’s forecasts but also the company’s own guidance. Sagan said that business from e-commerce customers was “extremely strong” in the quarter. He also said that the company is benefiting from strong cyclical trends in Web security, site performance, mobile site performance and delivery of high quality video.
Sagan noted that the company in 2012 will introduce refreshed or major new products in every category in which it competes.
Sagan added that Akamai is “very optimistic” about 2012 coming off a strong 2011 second half.
AKAM in late trading has spiked $4.11, or 11.9%, to $38.55.
“Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people”
Recent AKAM News
- Akamai Technologies To Hold Second Quarter 2024 Investor Conference Call On Thursday, August 8, at 4:30 PM ET • PR Newswire (US) • 07/10/2024 11:00:00 AM
- Akamai Completes Acquisition of API Security Company Noname • PR Newswire (US) • 06/25/2024 11:00:00 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:33:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:43:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:42:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:39:18 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 08:10:26 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 08:26:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:55:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:34:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:03:58 PM
- EZDRM Joins Akamai Qualified Compute Partner Program • PR Newswire (US) • 05/16/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:48:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:11:41 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:53:34 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:45:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:44:16 PM
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