Akamai Technologies Inc. (NASDAQ: AKAM) has just posted normalized earnings of $0.41 EPS on revenues of $183.2 million. First Call had estimates of $0.37 EPS and $174.61 million in revenues. Estimates for the next quarter are $0.38 EPS and $183.04 million in revenues. Estimates for fiscal 2008 are $1.65 EPS and $803.93 million in revenues.
Full-year cash from operations was $235.4 million, and at year-end Akamai had approximately $633.5 million of cash and equivalents on hand.
Akamai also noted that it added 29 customers to end with 2,645 customers; a 13% annual gain. Sales through resellers were 16% of quarterly revenues and sales outside the U.S. accounted for 23% of quarterly sales.
Unfortunately, we got no formal guidance. That is OK though, we’ll be getting to ask the CEO Paul Sagan some questions directly at 5:30 PM EST today. Stay tuned.
Shares closed down 0.7% at $29.73 in regular trading today, and after the report shares were just trading up 5% at $31.25 in after-hours trading activity. The 52-week trading range is $25.06 to $59.69.
Jon C. Ogg
February 6, 2008
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