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Akamai Chairman and CEO Speaks at Credit Suisse First Boston Technology Conference
"Based upon continued strong demand for our services led by our flagship EdgeSuiteSM service, and despite the challenging macro economic sales environment, we expect that revenue in the current quarter will be in the previously-estimated range of $34-36 million, and normalized earnings per share are expected to be a loss of 38-40 cents or less, which continues our strong performance on the bottom line and is consistent with our fully-funded business plan," Conrades said. "We are pleased with the sales momentum we're seeing in the enterprise market for EdgeSuite, a service that makes it easier and less expensive for businesses to deploy and use Web-based applications."
The Credit Suisse First Boston annual technology conference is being held in Scottsdale, Arizona, and more information is available at http://www.csfb.com/conferences.
About Akamai
Akamai is the leading provider of secure, outsourced e-business infrastructure services and software. These services and software enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability. Akamai's services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai's intelligent edge platform for content, streaming media, and application delivery comprises more than 13,000 servers within over 1,000 networks in 63 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to hundreds of companies worldwide. For information on Delivering a Better InternetSM, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, general economic conditions, the dependence on Akamai's Internet content delivery service and technology products, any inability of the company's services to meet the needs of our customers, a failure of Akamai's network infrastructure, and other factors that are discussed in the Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
| Contacts: |
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| Jeff Young Media Relations Akamai Technologies 617-250-3913 jyoung@akamai.com |
--or-- | Steven Wolfe Investor Relations Akamai Technologies 617-444-4724 swolfe@akamai.com |
Fourth quarter financial guidance to be reaffirmed
CAMBRIDGE, MA - November 28, 2001 - Akamai Technologies, Inc. Chairman and CEO George Conrades will discuss enterprise demand for Akamai's services and reaffirm the company's fourth quarter financial guidance today at the Credit Suisse First Boston annual technology conference. Akamai (Nasdaq: AKAM) is the leading provider of secure, outsourced e-business infrastructure services and software."Based upon continued strong demand for our services led by our flagship EdgeSuiteSM service, and despite the challenging macro economic sales environment, we expect that revenue in the current quarter will be in the previously-estimated range of $34-36 million, and normalized earnings per share are expected to be a loss of 38-40 cents or less, which continues our strong performance on the bottom line and is consistent with our fully-funded business plan," Conrades said. "We are pleased with the sales momentum we're seeing in the enterprise market for EdgeSuite, a service that makes it easier and less expensive for businesses to deploy and use Web-based applications."
The Credit Suisse First Boston annual technology conference is being held in Scottsdale, Arizona, and more information is available at http://www.csfb.com/conferences.
About Akamai
Akamai is the leading provider of secure, outsourced e-business infrastructure services and software. These services and software enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability. Akamai's services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai's intelligent edge platform for content, streaming media, and application delivery comprises more than 13,000 servers within over 1,000 networks in 63 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to hundreds of companies worldwide. For information on Delivering a Better InternetSM, visit www.akamai.com.
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Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, general economic conditions, the dependence on Akamai's Internet content delivery service and technology products, any inability of the company's services to meet the needs of our customers, a failure of Akamai's network infrastructure, and other factors that are discussed in the Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
