Akamai's 2013 Financial Results

By / 4 years ago / News / No Comments

Akamai Logo

Kuala Lumpur, Malaysia (6 February 2014) – Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of cloud services for delivering, optimizing and securing online content and business applications, today reported financial results for the fourth quarter and full-year ended December 31, 2013. Revenue for the fourth quarter of 2013 was $436 million, a 15% increase over fourth quarter 2012 revenue of $378 million, or up 20% adjusted for the Advertising Decision Solutions (ADS) divestiture*. Total revenue for 2013 was $1,578 million, a 15%
increase over 2012 revenue of $1,374 million, or up 18% adjusted for the ADS divestiture*.

“We were extremely pleased with how the business performed in the fourth quarter and throughout 2013, with strong growth across all our solution offerings and geographies,” said Tom Leighton, CEO of Akamai. “We achieved gross margin expansion through continued improvements in network efficiencies while at the same time invested in growth drivers intended to enable us to take advantage of the significant opportunities in front of us. As we enter 2014, Akamai’s focus is clear, and we believe we are well positioned to meet the needs of our customers and prospects as they embrace the hyperconnected world.”

Net income in accordance with United States Generally Accepted Accounting Principles, or GAAP, for the fourth quarter of 2013 was $80 million, or $0.44 per diluted share, relatively flat from the prior quarter’s GAAP net income and net income per diluted share, and an 18% increase over fourth quart