Akamai Rides Online Media Boom With Strong Earnings

By | May 2, 2014

Scalper1 News

Akamai Technologies (AKAM) late Thursday said Q1 adjusted profit rose 14% on revenue growth of 23%, beating views. For the current Q2, Akamai forecast EPS of 55 cents per share at its midpoint on revenue of $471 million, above expectations. Analysts had modeled Q2 EPS of 53 cents per share on revenue of $459 million. “Akamai reported a strong Q1 based primarily on higher-than-expected media volumes and accelerating performance & security segment Scalper1 News

Scalper1 News