In its second-largest acquisition, Amazon buys the company for $970 million.
The content delivery service provider also reports a 19.5% revenue gain for Q4.
Akamai Technologies Inc., which sells web site performance and content delivery services, this week said that revenues for the fourth quarter ended Dec. 31 increased 19.5% year over year. Revenue for 2010 increased 18.6% from 2009.
For the full year ended Dec. 31, Akamai reports:
• Revenue of $1.02 billion, an 18.6% increase from $859.8 million for the previous year.
• Net income of $171.2 million, a 17.3% increase from $145.9 million in 2009.
"With strength across cloud computing and online digital media solutions, Akamai completed its first $1 billion revenue year in 2010," says Paul Sagan, the company’s CEO. "With our unique, distributed network and growing portfolio of solutions, we believe we are well positioned to help our customers grow as use of cloud computing, online commerce, software-as-a-service, and online media continue to proliferate around the world.”
For the fourth quarter, the technology vendor reports:
• Revenue of $284.7million, a 19.5% increase from $238.3 million for the fourth quarter of 2009.
• Net income of $52.5 million, a 30.9% increase year over year from $40.1 million.
• Sales outside the United States accounted for 27% of revenues, down slightly from 28% for the same period in 2009.
• 3,483 customers under recurring contract, a 11.5% increase from 3,122 for the same period last year.
Akamai was by far the leading content delivery network listed in the current issue of the Internet Retailer Top 500 Guide, named by 125 of the retailers in the 2010 edition of the guide, which ranks North American retailers by their online sales.