Akamai Q1 Profit Meets Estimate

(RTTNews) - Akamai Technologies, Inc. (AKAM) reported net income for the first quarter of $78 million or $0.43 per share, compared to $73 million or $0.40 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $111 million or $0.61 per share, compared to $105 million or $0.58 per share in the prior year quarter.

Revenue for the first quarter rose 16% to $526.54 million from $453.50 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.61 per share on revenue of $526.18 million for the first quarter. Analysts' estimates typically exclude special items.