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.

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.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Sven Hammar / E-Commerce

4 ways to keep customers from abandoning your shopping cart

Think of the 69% industry average cart abandonment rate as an opportunity to win incremental ...

FPO

Ralph Tkatchuk / E-Commerce

5 ways retailers can reduce shopping cart abandonment

There are steps web merchants can take all along the path to purchase that can ...

Advertisement