Akamai Hits Q4 Revenue of $378 million, up 17% YoY

Akamai Technologies reported Q4 2012 revenue of $378 million, a 9 percent increase over third quarter revenue of $345 million, and a 17 percent increase over fourth quarter 2011 revenue of $324 million.  Total revenue for 2012 was $1,374 million, a 19 percent increase over 2011 revenue of $1,159 million. GAAP net income for Q4 was $68 million, or $0.38 per diluted share.

"With strong revenue and profit performance in the fourth quarter, Akamai closed out 2012 with record results on both the top and bottom line," said Tom Leighton, CEO of Akamai.  "Throughout the year, we announced new products across every solution line, closed a record number of strategic acquisitions, and achieved margin expansion through continued improvement in our network efficiency even as we expanded its capacity worldwide to meet rising demand for Akamai services.  We believe these efforts have positioned us well to help our customers capitalize on the opportunities, and mitigate the challenges, of conducting business online."

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