- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Appeals Court Denies Microsoft's Alcatel Petition
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- US Officials Press Pay Czar to Ease AIG Curbs: Report
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- China Eastern to Complete Shanghai Air Buy by End '09
- The Social Media Gaming Threat
- Gold Will Collapse Like Oil Did in 2008: Charts
- JAL Slides to Record Low on Bankruptcy Jitters
- Prepare For Large Decline In Stocks, Next Year?
- Holiday Travel Outlook
Text Size 
NEW YORK, Oct 28 (Reuters) - Internet content delivery company Akamai Technologies Inc reported stronger-than-expected revenue growth despite worries that growing competition would slow down sales. Akamai, which helps companies deliver Internet content smoothly by navigating less congested routes over the Web, said its third-quarter revenue rose to $206.5 million, up 5 percent from $197.3 million a year earlier. That compared to the average Wall Street forecast of $199.4 million, and the company's own forecast range of $195 million to $203 million. Net profit fell to $32.7 million from $33.4 million a year earlier, although it was unchanged per share at 18 cents. Excluding special items, earnings per share fell to 38 cents per share from 40 cents a year earlier, although it was higher than Wall Street's average view of 35 cents. Analysts say that a shift in consumer entertainment to the Internet will likely continue supporting sales for Akamai. Apple Inc and News Corp-owned MySpace use its services to deliver online music and videos. But the company also faces the risk of pricing pressure and slower revenue amid increasing competition, not only with traditional rivals like Limelight Network Inc but also with new market entrants like AT&T Inc. (Reporting by Ritsuko Ando; Editing Bernard Orr) Keywords: AKAMAI/ (ritsuko.ando@thomsonreuters.com; +1 646 223 6084; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Print
Email
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes