Akamai continues to impress in the earnings department, growing Q2 revenues 26% to $479M. In Q1, Akamai earned $454M. If we add $485M Q3 (analyst forecast), and $566M Q4 (25% growth), we get $1.98B in revenue for 2014. If Akamai can find that another $150M, they can reach $2B in revenue in 2014, a phenomenal CDN accomplishment. The next goal after that is to find another $3B in five years to reach their $5B annual revenue milestone. Next up, Limelight Networks.
Earnings Recap
- Akamai forecasted 55 cents (EPS) in Q2
- Akamai came in at 58 cents (EPS) in Q2
- Revenue increased 26% to $479M
- Media & Entertainment revenue was $216M
- Performance and security solutions increased 294% to $217M
- Analyst polled by Reuters expect revenues of $485M and 55 cents (EPS)
2014 Revenue Forecast
$454M (Q1) + $479M (Q2) + $485M (Reuters forecast) + $566M (25% growth forecast over 2013 Q4) = $1.98B
