April 30, 2010, 3:13 PM

Q1 revenue and net income rise at Akamai Technologies

Content delivery network operator Akamai Technologies Inc. reports double-digit revenue and net income growth in the first quarter.

Internet Retailer

Content delivery network operator Akamai Technologies Inc. reports double-digit revenue and net income growth in the first quarter ended April 28.

For the first quarter of fiscal 2010, the technology vendor reports:

  • Revenue grew 14.1% to $240.0 million from $210.4 million in Q1 2009.
  • Net income grew 10.2% to $40.9 million from $37.1 million in Q1 2009.

“E-commerce continued to be our fastest growing vertical, increasing 19% over Q1 of last year, but declining 5% compared to Q4 due to normal seasonality, primarily in our advertising decision solutions,” said J.D. Sherman, chief financial officer, during a conference call with analysts.

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