7/30/09

Q2 revenue and net income rise at Akamai Technologies

The web site performance and content delivery provider’s Q2 2009 revenue increased 5% to $204.6 million from $194 million in Q2 2008. Q2 2009 net income grew 5% to $36 million from $34.3 million in the second quarter of 2008.

Web site performance and content delivery solutions provider Akamai Technologies Inc. reports revenue and net income growth in the second quarter ended June 30, 2009, that it says “reflects solid execution in the face of difficult market conditions for many of our clients.”

For the second quarter of 2009, the technology vendor reports:

• Revenue grew 5% to $204.6 million from $194 million in Q2 2008.
• Net income grew 5% to $36 million from $34.3 million in Q2 2008.

The number of customers under recurring contracts at the end of the second quarter of 2009 increased to a record 2,979, a 9% increase from 2,733 in Q2 2008, the company says.

For the first six months of the year, Akamai reports:

• Revenue grew 8.9% to $415 million from $381 million in the first six months of 2008.
• Net income grew 2.6% to $73.1 million from $71.2 million in the first six months of 2008.

“In today’s challenging environment, our scale and strong balance sheet give us the flexibility to support changing customer requirements,” says Paul Sagan, president and CEO. “Further, we continued to experience good traction with our newer, value-added solutions, such as application performance services and dynamic site acceleration.”