Earnings: Akamai's Net Income Up

This story was written by Rafat Ali.
Akamai (NSDQ: AKAM), the big CDN, reported its Q208 results today, and its revenue and net income is up for the quarter. Revenues were $194.0 million, a 27 percent increase over Q207 of $152.7 million, and a four percent increase over Q108. The net income was $34.3 million, up from $21.6 million in the year-ago quarter, and down from $36.9 million it reported in Q108. The number of customers under long-term services contracts at the end Q208 increased by 53 to 2,725. More in earnings report, here.

By Rafat Ali

Popular on CBS News


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.