Akamai's Q1 Revenue Rises 23% YoY to $454 Million

Akamai Technologies posted Q1 2014 revenue of $454 million, a 23% increase over first quarter 2013 revenue of $368 million.  GAAP net income for the first quarter of 2014 was $73 million, or $0.40 per diluted share, a 9% decrease from the prior quarter's GAAP net income of $80 million, or $0.44 per diluted share, and a 2% increase over first quarter 2013 GAAP net income of $71 million, or $0.39 per diluted share.

"Our first quarter results demonstrated continued momentum across all our solution offerings and geographies, driven by traffic acceleration in Media Delivery Solutions and strong traction across our Security portfolio," said Tom Leighton, CEO of Akamai.  "We believe that our unparalleled technology for optimizing and securing the delivery of online content and business applications, along with our continued investments across the business, enable us to provide more value to our customers than ever before."

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