The online networking company, Akamai has posted its fourth quarter 2012 and full year 2012 earnings. The company reported the fourth quarter revenue of $378 million, up 17 percent year-over-year and annual revenue of $1.374 billion, up 19 percent year-over-year.
The fourth quarter GAAP net income was of $68 million, up 14 percent year-over-year, or $0.38 per diluted share, up 15 percent year-over-year, and full-year GAAP net income was of $204 million, up 2 percent year-over-year, or $1.12 per diluted share, up 5 percent year-over-year.
The fourth quarter normalized net income of $98 million, up 18 percent year-over-year, or $0.54 per diluted share, up 20 percent year-over-year; and full-year normalized net income of $329 million, up 16 percent year-over-year, or $1.81 per diluted share, up 19percent year-over-year
“With strong revenue and profit performance in the fourth quarter, Akamai closed out 2012 with record results on both the top and bottom line,” said Tom Leighton, CEO of Akamai. “We believe these efforts have positioned us well to help our customers capitalize on the opportunities, and mitigate the challenges, of conducting business online.”
“Throughout the year, we announced new products across every solution line, closed a record number of strategic acquisitions, and achieved margin expansion through continued improvement in our network efficiency even as we expanded its capacity worldwide to meet rising demand for Akamai services.“