Akamai’s Q3 revenue rises 42% year over year
Akamai Technologies Inc., a content delivery network that makes images appear faster on web sites, said revenue rose 42% to $75.7 million for the third quarter ended Sept. 30, up from $53.3 million in the year-ago quarter. Q3 revenue rose 17% from $64.6 million in this year’s second quarter.
Q3 net income was $272.3 million, which included a one-time benefit of $255.3 million due to an accounting treatment related to a tax valuation allowance. Without including that tax valuation allowance, Q3 net income came in at $22 million, a rise of 80% from $12.2 million in the year-ago quarter and an increase of 29% from $17.1 million in the second quarter of this year.
In March, Akamai acquired content delivery network Speedera Networks Inc. for about $130 million in a stock transaction.
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