Akamai first-quarter adjusted profit beats Street

Reuters News
Posted: Apr 25, 2012 4:24 PM

(Reuters) - Internet content delivery company Akamai Technologies Inc posted a quarterly profit above analysts' estimates helped by soaring demand.

For the first quarter, Akamai -- which competes with Level 3 Communications and Limelight Networks -- earned $43 million, or 24 cents per share, compared with $51 million, or 26 cents per share, a year ago.

Excluding items, it earned 41 cents per share, above analysts' expectations of 38 cents per share, according to Thomson Reuters I/B/E/S.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Sriraj Kalluvila)