Limelight Networks (NASDAQ:LLNW, news, filings) had a tough act to follow, after its larger competitor Akamai (NASDAQ:AKAM, news, filings) surprised the markets. The question hanging in the air was whether it came at the expense of its smaller rivals or was the CDN pie growing? With its Q1 report, Limelight suggests that the latter was the case in Q1 as revenues exceeded both guidance and estimates. Here is a quick table placing their financial results in context with recent performance:
|$ in millions||Q1/09||Q2/09||Q3/09||Q4/09||Q1/10|
For the second quarter, Limelight expects revenues of $41-43M which will include some 2 months of revenue from the acquisition of EyeWonder.
Limelight also got some good news this week on the legal front. Ths US Court of Appeals for the Federal Circuit turned away Level 3's appeal, reaffirming last year's court victory. For all the talk of patents in this sector, the only people that have made any money off of them have been lawyers.
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