Akamai Results Top Estimates%

(RTTNews) - Akamai Technologies Inc (AKAM), a provider of Cloud services, on Tuesday reported fourth-quarter net earnings of $97 million or $0.54 per share compared with $80.3 million or $0.44 per share last year.

Excluding items, adjusted earnings for the quarter were $0.70 per share compared with $0.55 per share a year ago.

Revenues for the quarter were $536.3 million compared with $436 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.63 per share on revenues of $526.8 million for the quarter. Analysts' estimates typically exclude special items.

Tom Leighton, CEO of Akamai, said, "Our strong revenue results continued to be driven by solid performance across all our geographies and all of our major product lines, with very strong growth coming from our Security and Media products."

"As we look forward to 2015, we expect to continue investing in the business with the goals of building out our network, expanding sales capacity, deepening channel relationships and accelerating innovation to help our customers secure and grow their on-line businesses."