[February 09, 2010] Akamai sales rise in Q4 and year Tweet Feb 09, 2010 (Datamonitor via COMTEX) -- Web content delivery company Akamai has reported a 1% decrease in net income to $40.1m for the fourth quarter 2009, compared to a net income of $40.5m in the year-ago quarter. Revenue increased 12% to $238.3m. Operating income increased 14% to $62.2m, while diluted EPS declined 5% to $0.21. Cash and cash equivalents at the end of the quarter was $181.3m. The company repurchased 646,000 shares of common stock for $15.1m. The company said sales through resellers accounted for 19% of the total revenue and sales outside the United States accounted for 28%. The number of customers under recurring contracts at the end of the quarter increased 9% to 3,122. During the quarter, the company expanded its cloud-based suite of security capabilities with the introduction of its Web Application Firewall managed service, implemented on its EdgePlatform distributed computing system, to provide a scalable edge defense system for blocking web application attacks in the cloud. For fiscal 2009, Akamai reported a marginal increase in net income to $146m compared to a net income of $145.1m in fiscal 2008. Revenue increased 9% to $860m. Paul Sagan, president and CEO at Akamai, said: "We were very pleased with how our business performed in 2009, capping a solid year with a return to double-digit revenue growth in the fourth quarter. For the year, we grew revenue, improved our cash gross margins, and generated over $400m of cash from operations in a tough economic environment. These results provide us with strong momentum coming into 2010, and position Akamai for the next wave of growth on the internet." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]