US firm Akamai Technologies, one of the world’s leading providers of content delivery network (CDN) services, has posted record revenues and profits for 2012, thanks to new products, strategic acquisitions and continued efficiency improvements.
Total revenues for 2012 reached US$ 1.374bn, up 19% from one year earlier, while GAAP net income rose 2% to reach US$ 204mn. Fourth quarter revenue rose 17% on an annual basis to reach US$ 324mn, while net income rose 14% to US$ 68mn.
“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.
“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.”