* First-quarter adjusted earnings $0.51/shr vs est $0.46/shr
* Revenue up 15 pct at $368 mln vs est $357.7 mln
* Shares up 11 pct in after-market trading
By Chandni Doulatramani
April 24 Internet content delivery company
Akamai Technologies Inc posted stronger-than-expected
first-quarter results due to increased traffic by its media
Akamai shares, which have fallen about 12 percent in the
last three months, were up 11 percent in extended trading.
"Traffic levels in our media division were higher than
expected towards the end of the quarter, primarily in large
social media accounts and electronic gaming and software
download accounts," Chief Executive Tom Leighton told Reuters.
Akamai's 132,442 servers across the world carry content for
clients ranging from Facebook Inc to Netflix Inc
The company said in February it would wind down some media
contracts because they were not of long-term economic value.
Akamai's media clients include Apple Inc, Sony BMG,
News Corp, Nintendo Co and NBC.
"We still have one large video customer that we are in the
process of winding down, and now it looks like it will wind down
at the end of Q2, instead of the end of Q1," Leighton said.
Akamai's net income rose to $71.5 million, or 39 cents per
share, in the first quarter, from $43.2 million, or 24 cents per
share, a year earlier.
Excluding one-time items, the company earned 51 cents per
Revenue rose 15 percent to $368 million.
Analysts had expected adjusted earnings of 46 cents per
share on revenue of $357.7 million, according to Thomson Reuters
Akamai counts Autodesk Inc, EMC Corp and
SAP AG as customers for its cloud infrastructure
Akamai shares, which closed at $36.09 on the Nasdaq, were
trading at $40.19 after the bell.