Akamai Technologies Inc. AKAMdelivered adjusted first-quarter 2018 earnings of 79 cents per share that beat the Zacks Consensus Estimate by 9 cents and surged 21.3% from the year-ago quarter.
Revenues of $668.7 million outpaced the Zacks Consensus Estimate of $654 million and increased 11.4% from the year-ago quarter (up 8% adjusted for foreign exchange).
Excluding Internet Platform Customers, revenues increased 13.7% year over year (up 11% adjusted for foreign exchange) to $624.3 million. Revenues from Internet Platform Customers were $44.4 million, down 13.6% year over year.
Shares increased 4.1% in after hours trading following the results. Akamai has returned 10.2% year to date, significantly outperforming industrythat has lost 9.2%.