Akamai Technologies has reported financial results for the fourth quarter and full-year ended December 31, 2013. Revenue for the fourth quarter 2013 showed an increase of 15% increase over fourth quarter 2012 revenue of $378 million 2013 at $436 million. Total revenue for 2013 was $1,578 million with a 15% increase over 2012 revenue of $1,374 million, or up 18% adjusted for the ADS divestiture.
Tom Leighton, CEO, Akamai, said, “We were extremely pleased with how the business performed in the fourth quarter and throughout 2013, with strong growth across all our solution offerings and geographies. We achieved gross margin expansion through continued improvements in network efficiencies while at the same time invested in growth drivers intended to enable us to take advantage of the significant opportunities in front of us. As we enter 2014, Akamai’s focus is clear, and we believe we are well positioned to meet the needs of our customers and prospects as they embrace the hyper connected world.”
Full-year GAAP net income for 2013 was $293 million, or $1.61 per diluted share, a 44% increase from 2012 GAAP net income of $204 million, or $1.12 per diluted share.
GAAP and non-GAAP net income results for the fourth quarter of 2013 include a $6 million, or $0.03 per diluted share, benefit from the previously-announced change in depreciation methodology effective on January 1, 2013. The full-year 2013 GAAP and non-GAAP results include a $34 million, or $0.18 per diluted share, benefit from the depreciation change.
Cash from operations for the fourth quarter of 2013 was $172 million, or 39% of revenue, and for the full year was $564 million, or 36% of revenue.
