Akamai Reports Second Quarter 2014 Financial Results

Jul 30, 2014, 16:01 ET from Akamai Technologies, Inc.

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CAMBRIDGE, Mass., July 30, 2014 /PRNewswire/ --

  • Second quarter revenue of $476 million, up 26% year-over-year
  • Second quarter GAAP net income of $73 million, or $0.40 per diluted share, up 18% year-over-year
  • Second quarter non-GAAP net income* of $106 million, or $0.58 per diluted share, up 26% year-over-year

Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of cloud services for delivering, optimizing and securing online content and business applications, today reported financial results for the second quarter ended June 30, 2014.  Revenue for the second quarter of 2014 was $476 million, a 26% increase over second quarter 2013 revenue of $378 million.

"Akamai delivered an excellent second quarter with continued strong revenue, margins and earnings expansion.  Revenue growth remained solid across each geography and every solution category, with particularly strong performance in our Security and Media Delivery offerings," said Dr. Tom Leighton, Chief Executive Officer.  "We believe that our continued investments in support of our strategic goals will position us well to meet the needs of the rapidly-changing and fast-growing Internet ecosystem."

GAAP net income for the second quarter of 2014 was $73 million, or $0.40 per diluted share, slightly up from the prior quarter's GAAP net income, and an 18% increase over second quarter 2013 GAAP net income of $62 million, or $0.34 per diluted share.

Non-GAAP net income* for the second quarter of 2014 was $106 million, or $0.58 per diluted share, an increase from the prior quarter's non-GAAP net income of $105 million, and a 26% increase over second quarter 2013 non-GAAP net income of $84 million, or $0.46 per diluted share. 

Adjusted EBITDA* for the second quarter of 2014 was $204 million, slightly up from the prior quarter's Adjusted EBITDA, and up from $166 million in the second quarter of 2013.  Adjusted EBITDA margin* for the second quarter of 2014 was 43%, down two percentage points from the prior quarter and down a point from the same period last year.

GAAP income from operations for the second quarter of 2014 was $112 million, a decrease from the prior quarter's GAAP income from operations of $121 million, and up from $98 million in the second quarter of 2013.  GAAP operating margin for the second quarter of 2014 was 24%, down three percentage points from the prior quarter and down two points from the same period last year.

Non-GAAP income from operations* for the second quarter of 2014 was $156 million, a decrease from the prior quarter's non-GAAP income from operations of $159 million, and up from $129 million in the second quarter of 2013.  Non-GAAP operating margin* for the second quarter of 2014 was 33%, down two percentage points from the prior quarter and down one point from the same period last year.

Cash from operations for the second quarter of 2014 was $200 million, or 42% of revenue.  The Company had $1.5 billion of cash, cash equivalents and marketable securities as of June 30, 2014.

During the second quarter of 2014, under the share repurchase program authorized by the Board of Directors in October 2013, the Company spent approximately $71 million to repurchase 1.3 million shares of its common stock, at an average price of $54.89 per share. The Company had approximately 178 million shares of common stock outstanding as of June 30, 2014. 

*See Use of Non-GAAP Financial Measures below for definitions.

Quarterly Conference Call Akamai will host a conference call today at 4:30 p.m. ET that can be accessed through 1-800-510-9691 (or 1-617-614-3453 for international calls) and using passcode No. 89744996.  A live Webcast of the call may be accessed at www.akamai.com in the Investor section.  In addition, a replay of the call will be available for one week following the conference through the Akamai Website or by calling 1-888-286-8010 (or 1-617-801-6888 for international calls) and using passcode No. 92037842.

About Akamai Akamai® is the leading provider of cloud services for delivering, optimizing and securing online content and business applications.  At the core of the Company's solutions is the Akamai Intelligent Platform™ providing extensive reach, coupled with unmatched reliability, security, visibility and expertise.  Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud.  To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.

 

AKAMAI TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30,  2014

December 31, 2013

ASSETS

Cash and cash equivalents

$

254,165

$

333,891

Marketable securities

502,608

340,005

Accounts receivable, net

325,385

271,988

Prepaid expenses and other current assets

88,047

62,096

Deferred income tax assets

29,462

21,734

Current assets

1,199,667

1,029,714

Property and equipment, net

536,637

450,287

Marketable securities

735,629

573,026

Goodwill and acquired intangible assets, net

1,198,265

834,797

Deferred income tax assets

2,317

2,325

Other assets

96,142

67,536

Total assets

$

3,768,657

$

2,957,685

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$

229,180

$

224,095

Other current liabilities

54,112

39,071

Current liabilities

283,292

263,166

Convertible senior notes

595,385

Other liabilities

117,236

65,088

Total liabilities

995,913

328,254

Stockholders' equity

2,772,744

2,629,431

Total liabilities and stockholders' equity

$

3,768,657

$

2,957,685

 

 

AKAMAI TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

Six Months Ended

(in thousands, except per share data)

June 30,

2014

March 31,

2014

June 30,

2013

June 30,

2014

June 30,

2013

Revenue

$

476,035

$

453,502

$

378,106

$

929,537

$

746,152

Costs and operating expenses:

Cost of revenue (1) (2)

149,318

139,612

124,705

288,930

245,097

Research and development (1)

32,052

28,234

20,597

60,286

42,502

Sales and marketing (1)

91,462

81,065

67,825

172,527

130,515

General and administrative (1) (2)

81,880

76,161

61,351

158,041

116,731

Amortization of acquired intangible assets

8,403

6,848

5,734

15,251

11,794

Restructuring charges

569

735

391

1,304

822

Total costs and operating expenses

363,684

332,655

280,603

696,339

547,461

Income from operations

112,351

120,847

97,503

233,198

198,691

Interest income

1,740

1,639

1,477

3,379

3,085

Interest expense

(4,516)

(1,941)

(6,457)

Other (expense) income, net

(899)

(881)

341

(1,780)

209

Income before provision for income taxes

108,676

119,664

99,321

228,340

201,985

Provision for income taxes

35,790

46,864

37,426

82,654

68,603

Net income

$

72,886

$

72,800

$

61,895

$

145,686

$

133,382

Net income per share:

Basic

$

0.41

$

0.41

$

0.35

$

0.82

$

0.75

Diluted

$

0.40

$

0.40

$

0.34

$

0.80

$

0.73

Shares used in per share calculations:

Basic

178,081

178,705

177,891

178,393

177,895

Diluted

180,841

182,038

181,388

181,439

181,475

(1) Includes stock-based compensation (see supplemental table for figures)

(2) Includes depreciation and amortization (see supplemental table for figures)

 

 

AKAMAI TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended

Six Months Ended

(in thousands)

June 30, 2014

March 31, 2014

June 30, 2013

June 30, 2014

June 30, 2013

Cash flows from operating activities:

Net income

$

72,886

$

72,800

$

61,895

$

145,686

$

133,382

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

58,712

53,516

44,126

112,228

86,501

Stock-based compensation

31,678

25,114

24,801

56,792

47,732

Provision for doubtful accounts

377

87

879

464

1,199

Excess tax benefits from stock-based compensation

(4,483)

(15,178)

(5,503)

(19,661)

(9,622)

Provision for deferred income taxes

20,180

1,660

21,840

Amortization of debt discount and issuance costs

4,516

1,941

6,457

(Gain) loss on disposal of property and equipment

(177)

215

380

38

309

Gain and other activity related to divestiture of a business

(1,093)

(2,281)

Loss on investments

393

393

Change in fair value of contingent consideration

300

300

Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:

Accounts receivable

(23,117)

(18,137)

(6,848)

(41,254)

(35,203)

Prepaid expenses and other current assets

7,963

(20,961)

(4,761)

(12,998)

(16,208)

Accounts payable and accrued expenses

43,970

(22,511)

28,223

21,459

23,695

Deferred revenue

(409)

5,159

(1,613)

4,750

6,612

Other current liabilities

132

1,287

(112)

1,419

(223)

Other non-current assets and liabilities

(12,697)

4,031

690

(8,666)

(1,605)

Net cash provided by operating activities

200,224

89,023

141,064

289,247

234,288

Cash flows from investing activities:

Cash received (paid) for acquired businesses, net of cash acquired

115

(386,647)

80

(386,532)

80

Purchases of property and equipment and capitalization of internal-use software development costs

(70,519)

(84,006)

(76,520)

(154,525)

(137,349)

Purchases of short- and long-term marketable securities

(204,648)

(658,943)

(164,525)

(863,591)

(309,875)

Proceeds from sales and maturities of short- and long-term marketable securities

138,152

399,970

165,513

538,122

287,193

Proceeds from the sale of property and equipment

418

166

166

584

426

Other non-current assets and liabilities

2,442

(998)

(362)

1,444

(362)

Net cash used in investing activities

(134,040)

(730,458)

(75,648)

(864,498)

(159,887)

Cash flows from financing activities:

Proceeds from the issuance of convertible senior notes, net

(868)

679,603

678,735

Proceeds from the issuance of warrants

77,970

77,970

Payment for bond hedge

(101,292)

(101,292)

Repayment of acquired debt and capital leases

(17,862)

(17,862)

Proceeds from the issuance of common stock under stock plans

13,670

44,329

17,897

57,999

28,261

Excess tax benefits from stock-based compensation

4,483

15,178

5,503

19,661

9,622

Employee taxes paid related to net share settlement of stock-based awards

(7,977)

(26,271)

(3,810)

(34,248)

(21,125)

Repurchases of common stock

(71,344)

(116,147)

(42,504)

(187,491)

(82,782)

Net cash (used in) provided by financing activities

(62,036)

555,508

(22,914)

493,472

(66,024)

Effects of exchange rate changes on cash and cash equivalents

1,291

762

(2,912)

2,053

(5,501)

Net increase (decrease) in cash and cash equivalents

5,439

(85,165)

39,590

(79,726)

2,876

Cash and cash equivalents at beginning of period

248,726

333,891

165,275

333,891

201,989

Cash and cash equivalents at end of period

$

254,165

$

248,726

$

204,865

$

254,165

$

204,865

 

 

AKAMAI TECHNOLOGIES, INC.

RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS, NET INCOME AND ADJUSTED EBITDA

Three Months Ended

Six Months Ended

(in thousands, except per share data)

June 30,

2014

March 31, 2014

June 30,

2013

June 30,

2014

June 30,

2013

Income from operations

$

112,351

$

120,847

$

97,503

$

233,198

$

198,691

Amortization of acquired intangible assets

8,403

6,848

5,734

15,251

11,794

Stock-based compensation

31,678

25,114

24,801

56,792

47,732

Amortization of capitalized stock-based compensation

2,016

1,928

1,978

3,944

3,879

Amortization of capitalized interest expense

18

18

Acquisition-related costs

792

3,392

31

4,184

368

Restructuring charges

569

735

391

1,304

822

Gain and other activity related to divestiture of a business

(1,093)

(2,281)

Operating adjustments

43,476

38,017

31,842

81,493

62,314

Non-GAAP income from operations

$

155,827

$

158,864

$

129,345

$

314,691

$

261,005

Non-GAAP operating margin

33

%

35

%

34

%

34

%

35

%

Net income

$

72,886

$

72,800

$

61,895

$

145,686

$

133,382

Operating adjustments (from above)

43,476

38,017

31,842

81,493

62,314

Amortization of debt discount and issuance costs

4,516

1,941

6,457

Loss on investments

393

393

Income tax-effect of above non-GAAP adjustments and certain discrete tax items

(15,721)

(7,841)

(9,726)

(23,562)

(18,452)

Non-GAAP net income

105,550

104,917

84,011

210,467

177,244

Depreciation and amortization

48,275

44,740

36,414

93,015

70,828

Interest income

(1,740)

(1,639)

(1,477)

(3,379)

(3,085)

Other expense (income)

506

881

(341)

1,387

(209)

Provision for GAAP income taxes

35,790

46,864

37,426

82,654

68,603

Income tax-effect of above non-GAAP adjustments and certain discrete tax items

15,721

7,841

9,726

23,562

18,452

Adjusted EBITDA

$

204,102

$

203,604

$

165,759

$

407,706

$

331,833

Adjusted EBITDA margin

43

%

45

%

44

%

44

%

44

%

Non-GAAP net income per share:

Basic

$

0.59

$

0.59

$

0.47

$

1.18

$

1.00

Diluted

$

0.58

$

0.58

$

0.46

$

1.16

$

0.98

Shares used in non-GAAP per share calculations:

Basic

178,081

178,705

177,891

178,393

177,895

Diluted

180,841

182,038

181,388

181,439

181,475

 

 

 

AKAMAI TECHNOLOGIES, INC.

SUPPLEMENTAL FINANCIAL DATA

Three Months Ended

Six Months Ended

(in thousands, except end of period statistics)

June 30,

2014

March 31, 2014

June 30,

2013

June 30,

2014

June 30,

2013

Revenue by solution category:

Media Delivery Solutions

$

216,174

$

214,833

$

179,418

$

431,007

$

360,606

Performance and Security Solutions

217,415

197,977

167,881

415,392

324,523

Service and Support Solutions

42,446

40,692

31,429

83,138

58,894

Advertising Decision Solutions and Other

(622)

2,129

Total revenue

$

476,035

$

453,502

$

378,106

$

929,537

$

746,152

Stock-based compensation:

Cost of revenue

$

3,076

$

2,795

$

2,718

$

5,871

$

5,345

Research and development

5,061

4,477

3,867

9,538

8,236

Sales and marketing

12,796

10,532

9,799

23,328

19,230

General and administrative

10,745

7,310

8,417

18,055

14,921

Total stock-based compensation

$

31,678

$

25,114

$

24,801

$

56,792

$

47,732

Depreciation and amortization:

Network-related depreciation

$

38,496

$

36,665

$

30,299

$

75,161

$

59,219

Other depreciation and amortization

9,779

8,075

6,115

17,854

11,609

Depreciation of property and equipment

48,275

44,740

36,414

93,015

70,828

Capitalized stock-based compensation amortization

2,016

1,928

1,978

3,944

3,879

Capitalized interest expense amortization

18

18

Amortization of acquired intangible assets

8,403

6,848

5,734

15,251

11,794

Total depreciation and amortization

$

58,712

$

53,516

$

44,126

$

112,228

$

86,501

Capital expenditures:

Purchases of property and equipment

$

50,963

$

59,283

$

54,369

$

110,246

$

100,847

Capitalized internal-use software development costs

28,265

24,701

18,129

52,966

35,127

Capitalized stock-based compensation

3,943

3,784

3,245

7,727

6,183

Capitalized interest expense

597

237

834

Total capital expenditures*

$

83,768

$

88,005

$

75,743

$

171,773

$

142,157

Net increase in cash, cash equivalents and marketable securities

$

73,001

$

172,479

$

35,978

$

245,480

$

23,172

End of period statistics:

Number of employees

4,558

4,290

3,453

Number of deployed servers

154,079

149,553

137,788

* See Use of Non-GAAP Financial Measures below for a definition

 

Use of Non-GAAP Financial Measures In addition to providing financial measurements based on generally accepted accounting principles in the United States of America (GAAP), Akamai provides additional financial metrics that are not prepared in accordance with GAAP (non-GAAP). Management uses non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate Akamai's financial performance. These non-GAAP financial measures are non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, Adjusted EBITDA, Adjusted EBITDA margin and capital expenditures, as discussed below.

Management believes that these non-GAAP financial measures reflect Akamai's ongoing business in a manner that allows for meaningful comparisons and analysis of trends in its business, as they exclude expenses and gains that may be infrequent, unusual in nature and not reflective of Akamai's ongoing operating results. Management also believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating Akamai's operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies.

The non-GAAP financial measures do not replace the presentation of Akamai's GAAP financial results and should only be used as a supplement to, not as a substitute for, Akamai's financial results presented in accordance with GAAP.  Akamai has provided a reconciliation of each non-GAAP financial measure used in its financial reporting to the most directly comparable GAAP financial measure.  This reconciliation captioned "Reconciliation of GAAP to Non-GAAP Financial Measures" can be found on the Investor Relations section of Akamai's website.

The non-GAAP adjustments, and Akamai's basis for excluding them from non-GAAP financial measures, are outlined below:

  • Amortization of acquired intangible assets – Akamai has incurred amortization of intangible assets, included in its GAAP financial statements, related to various acquisitions Akamai has made.  The amount of an acquisition's purchase price allocated to intangible assets and term of its related amortization can vary significantly and are unique to each acquisition; therefore, Akamai excludes amortization of acquired intangible assets to provide investors with a consistent basis for comparing pre- and post-acquisition operating results.
  • Stock-based compensation and amortization of capitalized stock-based compensation – Although stock-based compensation is an important aspect of the compensation paid to Akamai's employees and executives, the expense varies with changes in the stock price and market conditions at the time of grant, varying valuation methodologies, subjective assumptions and the variety of award types.  This makes the comparison of Akamai's current financial results to previous and future periods difficult to interpret; therefore, Akamai believes it is useful to exclude stock-based compensation and amortization of capitalized stock-based compensation in order to better understand the performance of Akamai's core business performance and to be consistent with the way investors evaluate its performance and comparison of its operating results to peer companies.
  • Restructuring charges – Akamai has incurred restructuring charges that are included in its GAAP financial statements, primarily related to workforce reductions and estimated costs of exiting facility lease commitments.  Akamai excludes these items from non-GAAP financial measures when evaluating its continuing business performance as such items are not consistently recurring and do not reflect expected future operating expense, nor provide meaningful insight into the fundamentals of current or past operations of its business.
  • Acquisition-related costs – Acquisition-related costs include transaction fees, due diligence costs and other one-time direct costs associated with strategic activities. In addition, subsequent adjustments to Akamai's initial estimated amount of contingent consideration associated with specific acquisitions are included within acquisition-related costs. These amounts are impacted by the timing and size of the acquisitions. Akamai excludes acquisition-related costs from non-GAAP financial measures to provide a useful comparison of Akamai's operating results to prior periods and to its peer companies because such amounts vary significantly based on the magnitude of its acquisition transactions.
  • Gains and other activity related to divestiture of a business – Akamai recognized a gain and other activity related to the divestiture of its Advertising Decision Solutions business. Akamai excludes gains and other activity related to divestiture of a business from non-GAAP financial measures because transactions of this nature occur infrequently and are not considered part of Akamai's core business operations.
  • Amortization of debt discount and issuance costs and amortization of capitalized interest expense – Akamai issued $690 million of convertible senior notes due 2019 with a coupon interest rate of 0%.  The imputed interest rate of the convertible senior notes was approximately 3.2%.  This is a result of the debt discount recorded for the conversion feature that is required to be separately accounted for as equity, thereby reducing the carrying value of the convertible debt instrument.  The debt discount is amortized as interest expense together with the issuance costs of the debt which are recorded as an asset in the consolidated balance sheet.  All of Akamai's interest expense is comprised of these non-cash components and is excluded from management's assessment of the company's operating performance because management believes the non-cash expense is not indicative of ongoing operating performance.
  • Loss on investments – Akamai has incurred losses from the impairment of certain investments. Akamai believes excluding these amounts from non-GAAP financial measures is useful to investors as they occur infrequently, are not representative of Akamai's core business operations or meaningful in evaluating Akamai's business results.
  • Income tax-effect of non-GAAP adjustments and certain discrete tax items – The non-GAAP adjustments described above are reported on a pre-tax basis. The income tax effect of non-GAAP adjustments is the difference between GAAP and non-GAAP income tax expense. Non-GAAP income tax expense is computed on non-GAAP pre-tax income (GAAP pre-tax income adjusted for non-GAAP adjustments) and excludes certain discrete tax items (such as recording or release of valuation allowances), if any. Akamai believes that applying the non-GAAP adjustments and their related income tax effect allows Akamai to more properly reflect the income attributable to its core operations.

Akamai's definitions of its non-GAAP financial measures are outlined below:

Non-GAAP income from operations – GAAP income from operations adjusted for the following items: amortization of acquired intangible assets; stock-based compensation; amortization of capitalized stock-based compensation; amortization of capitalized interest expense; restructuring charges; acquisition-related costs; gains and other activity related to divestiture of a business; gains and losses on legal settlements and other non-recurring or unusual items that may arise from time to time.

Non-GAAP operating margin – Non-GAAP income from operations stated as a percentage of revenue.

Non-GAAP net income – GAAP net income adjusted for the following tax-effected items: amortization of acquired intangible assets; stock-based compensation; amortization of capitalized stock-based compensation; restructuring charges; acquisition-related costs; certain gains and losses on investments; gains and other activity related to divestiture of a business; loss on early extinguishment of debt; amortization of debt discount and issuance costs; amortization of capitalized interest expense; gains and losses on investments, legal settlements and other non-recurring or unusual items that may arise from time to time.

Non-GAAP net income per share – Non-GAAP net income divided by basic weighted average or diluted common shares outstanding.  Basic weighted average shares outstanding are those used in GAAP net income per share calculations.  Diluted weighted average shares outstanding are adjusted in non-GAAP per share calculations for the shares that would be delivered to Akamai pursuant to the note hedge transaction entered into in connection with the issuance of $690 million of convertible senior notes due 2019.  Under GAAP, shares delivered under hedge transactions are not considered offsetting shares in the fully diluted share calculation until they are delivered.  However, the company would receive a benefit from the note hedge transaction and would not allow the dilution to occur, so management believes that adjusting for this benefit provides a meaningful view of net income per share. Until Akamai's weighted average stock price is greater than $89.56, the initial conversion price, there will be no difference between GAAP and non-GAAP diluted weighted average common shares outstanding.

Adjusted EBITDA – GAAP net income excluding the following items: interest income; income taxes; depreciation and amortization of tangible and intangible assets; stock-based compensation; amortization of capitalized stock-based compensation; restructuring charges; acquisition-related costs; certain gains and losses on investments; gains and other activity related to divestiture of a business; foreign exchange gains and losses; loss on early extinguishment of debt; amortization of debt discount and issuance costs; amortization of capitalized interest expense; gains and losses on legal settlements and other non-recurring or unusual items that may arise from time to time.

Adjusted EBITDA margin – Adjusted EBITDA stated as a percentage of revenue.

Capital expenditures – Purchases of property and equipment, capitalization of internal-use software development costs,  capitalization of stock-based compensation and capitalization of interest expense.

Akamai Statement Under the Private Securities Litigation Reform Act This release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including statements about future business plans and opportunities. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, effects of increased competition including potential failure to maintain the prices we charge for our services and loss of significant customers; failure of the markets we address or plan to address to develop as we expect or at all; inability to increase our revenue at the same rate as in the past and keep our expenses from increasing at a greater rate than our revenues; a failure of Akamai's services or network infrastructure; delay in developing or failure to develop new service offerings or functionalities, and if developed, lack of market acceptance of such service offerings and functionalities or failure of such solutions to operate as expected, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.

In addition, the statements in this press release represent Akamai's expectations and beliefs as of the date of this press release.  Akamai anticipates that subsequent events and developments may cause these expectations and beliefs to change.  However, while Akamai may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing Akamai's expectations or beliefs as of any date subsequent to the date of this press release.

 

Contacts:

Jeff Young

Tom Barth

Media Relations

Investor Relations

Akamai Technologies

Akamai Technologies

617-444-3913

617-274-7130

jyoung@akamai.com

tbarth@akamai.com

 

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SOURCE Akamai Technologies, Inc.



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