Akamai Technologies, Inc., is an American internet content delivery network company, that focuses on providing customers with cloud services for online content and business applications. It is based in Cambridge, Massachusetts, USA.
The “Akamai’s Intelligent Platform” consists of a distributed network of servers and intelligent software, delivering over two trillion interactions daily.
Akamai’s flagship platform optimizes data routes (by mapping paths across the Internet) and replicates and delivers content and applications from servers that are as near as possible to the end server, as opposed to using centralized servers.
The company has more than 170,000 servers in 100 countries across 1,300 networks.
Its solutions portfolio is comprised of: AQUA Web Solutions, KONA Security Solutions, SOLA Media Solutions, and TERRA Enterprise Solutions.
Akamai was founded in 1998 by Daniel M. Lewin, Tom Leighton, Jonathan Seelig, Preetish Nijhawan, and Randall Kaplan.
Overview
- CEO: Thomson Leighton
- Chairman: George H. Conrades
- Industry: Internet, Cloud
- Type: Public company
- Listed on NASDAQ
- NASDAQ stock symbol: AKAM
- S&P 500 Component
- Founded: 1998
- Founders: Daniel M. Lewin, Tom Leighton, Jonathan Seelig, Preetish Nijhawan, and Randall Kaplan.
- Revenue: $1.963 billion USD (2014)
- Net income: $333.948 million USD (2014)
- Earnings per share: $1.87 USD (2014)
- Company head office: 150 Broadway, Cambridge, Massachusetts, USA
- Employees: 5,105 (2014)
- Website: http://www.akamai.com/
- Investor relations number: 877.567.7167
- Investor relations email: [email protected]
Akamai Technologies, Inc. Financial Results, Years Ended December 31
| Operating data (in $ thousands) | 2014 | 2013 |
| Revenue | $1,963,874 | $1,577,922 |
| Cost of revenue | $610,943 | $511,087 |
| Research and development | $125,286 | $93,879 |
| Sales and marketing costs | $379,035 | $280,380 |
| General and administrative costs | $325,845 | $255,218 |
| Total costs and operating expenses | $1,474,355 | $1,163,954 |
| Income from operations | $489,519 | $413,968 |
| Income before income taxes | $479,776 | $419,554 |
| Net income | $333,948 | $293,487 |
| Balance sheet data (in $ thousands) | ||
| Total assets | $4,001,546 | $2,957,685 |
| Total liabilities | $1,056,211 | $328,254 |
| Total stockholders’ equity | $2,945,335 | $2,629,431 |
| Common share data (in $) | ||
| Basic earnings per share | $1.87 | $1.65 |
| Diluted earnings per share | $1.84 | $1.61 |
| Cash flow data (in $ thousands) | ||
| Net cash provided by operating activities | $658,070 | $563,908 |
| Net cash used for investing activities | $(1,178,806) | $(313,108) |
| Net cash used for financing activities | $436,027 | $(115,243) |
| Cash and cash equivalents at end of year | $238,650 | $333,891 |
Source: “Akamai Technologies, Inc. Form 10-K 2014”