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SAN FRANCISCO - Akamai TechnologiesAKAM topped profit estimates in the first quarter but fell short on revenue. The Cambridge, Mass.-based company, which provides service for accelerating content and applications online, posted first-quarter net income of $36.9 million, or 20 cents a share, compared with $19.2 million, or 11 cents, a year ago. Adjusted income was $75.6 million, or 41 cents, compared with $50.7 million, or 28 cents, a year ago. Analysts surveyed by Thomson Financial had predicted earnings of 39 cents a share. First-quarter revenue for Akamai was $187 million compared with $139.3 million a year ago. That fell short of analysts' estimates of $188 million. Chief Executive Paul Sagan said Akamai is building on its robust growth. "Our performance illustrates the value of having a broad portfolio of solutions and a diverse set of customers," he said in a statement. "We saw strong demand for our services as businesses continued to take advantage of the Internet to build global scale and reduce costs associated with infrastructure build out." The number of customers under long-term services contracts at the end of the first quarter increased by 27 to 2,672, representing an 8% increase from a year ago. Sales through resellers accounted for 16% of first-quarter revenue while sales from outside the U.S. accounted for 25%. Shares for Akamai were up 1.5%, or 55 cents, to $36.32 in after-hours trading.
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