Akamai (NASDAQ:AKAM, news, filings) shrugged off any macro-economic headwinds even more convincingly than Equinix today, posting both revenues and earnings per share above both guidance and analyst expectations. New guidance for Q2 was similarly positive, and the stock traded up 17% after hours in response. Here's a quick tabluar summary in context:
|$ in millions||Q2/11||Q3/11||Q4/11||Q1/12||Q2/12||Q3/12
Looking deeper at the verticals, the biggest sequential boost came from the public sector with 18% growth over Q1. But the only decliner was eCommerce (down 1%) due to normal seasonality. Currency headwinds took a $1.5M bite out of total revenues sequentially, else they'd have been even higher.
Over the past couple of years, Akamai has had some trouble maintaining the momentum it used to find so easy in the early years. But lately they do seem to have done well moving up the food chain into more managed services while maintaining a dominant position in the more commoditized CDN side of the business.
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