CAMBRIDGE: Akamai Technologies Inc., a provider of content delivery services,
on Wednesday reported a second-quarter loss that was narrower than expected, as
the company moved toward its goal of posting positive operating earnings by next
year's second quarter.
Cambridge, Massachusetts-based Akamai reported a second-quarter net loss,
before amortization and one-time items, of $46.8 million or 46 cents per share.
The normalized loss for the first quarter was $52.5 million or 53 cents per
share.
The consensus second-quarter estimate among analysts polled by Thomson
Financial/First Call was a loss of 50 cents per share.
Akamai reported a second-quarter net loss of $92.6 million or 91 cents per
share, which included a restructuring charge of $26.2 million related to a
workforce reduction and excess real estate, equity-related compensation of $11
million, and other non-cash charges of $8.6 million.
"Akamai recorded another quarter of solid growth and progress toward
reaching our goal of being EBITDA positive by the second quarter of next
year," said George Conrades, the company's chairman and chief executive.
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