May 1, 2009, 12:00 AM

Content delivery network Akamai reports a 12% revenue gain in Q1

Revenue was $210.4 million in the first three months of this year, versus $187 million during the same quarter last year. That Q1 revenue represents a 1% decrease from Q4 2008 revenue of $212.6 million.

Katie Evans

Managing Editor, International Research

Akamai Technologies Inc., whose content delivery network accelerates the performance of retail and other web sites, has reported a 12% gain in revenue to $210.4 million in the first three months of this year, versus $187 million during the same quarter last year. That Q1 revenue represents a 1% decrease from Q4 2008 revenue of $212.6 million.

Net income of $37.1 million in Q1 2009 was slightly ahead of $36.9 million in the year-ago quarter.

“We are pleased with our strong start to the year,” says Paul Sagan, president and CEO of Akamai. “The company’s first quarter results demonstrate the power of Akamai’s business model, which is based on providing differentiated, value-added solutions to our clients worldwide. Further, our scale provides us with tremendous operating advantages that are clear in our bottom line results.”

The company ended the quarter with a record 2,950 customers under long-term service contracts, a 10% increase from a year earlier. Sales outside of the U.S. accounted for 28% of Q1 revenue, Akamai says.

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