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Akamai (Nasdaq: AKAM) -- Q3 EPS loss of $0.60 vs. N/A last year; estimate: loss of $0.68
-- Intelligent content delivery company Akamai reported a 50% sequential increase in revenues and lower-than-expected losses for its third quarter this evening. Sales reached $27.2 million, up from $18.1 million in the previous quarter, and from only $900,000 in the year-ago period. Losses totaled $55.7 million, or $0.60 per share, ahead of consensus estimates of a $0.68 per share loss. Second-quarter losses were $43.4 million. Akamai operates a global network of Internet servers that it uses to speed the delivery of its customers' content and enlarged that network this quarter by increasing its worldwide server count to 6,060. The company also added 220 new customers under recurring contracts, bringing the recurring customer base to 1,115. Overall, Akamai served a total of 2,800 customers during the quarter.
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Break Down: Akamai Technologies, Part 2
Break Down: Akamai Technologies
America Online (NYSE: AOL) -- fiscal Q1 EPS $0.14 vs. $0.07 last year; estimate: $0.13
-- Welcome! Net bellwether America Online reported a 34% rise in revenues to $2.0 billion from $1.5 billion last year. Excluding merger charges the results came in at $0.14 a share, a penny above analyst projections. For the quarter the company attracted another 1.4 million subscribers to its flagship service, just 400,000 shy of the 25 million subscriber milestone. Despite industry concerns over dot-com advertising, AOL's reliance on other revenues streams like subscriber fees and bricks-and-mortar partnerships have kept the company afloat financially.
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Motley Fool Stock Research: America Online
AOL-Time Warner Back in the U.S.A.
AOL, Time Warner Bag Europe
Apple Computer (Nasdaq: AAPL) -- fiscal Q4 EPS: $0.30 vs $0.26 last year; estimate: $0.31
-- Computer hardware and software maker Apple reported net income (minus investment gains) of $108 million for the fiscal fourth quarter, up from $90 million a year ago. Revenues jumped 40% to $1.87 billion as the company shipped 1,122,000 units during the quarter. Earnings per share came in at $0.30 per diluted share, a penny short of First Call estimates, and at the low end of guidance the Cupertino, California company gave investors in an earnings warning September 28. Gross margins also slipped to 24.9% from 28.7% a year ago. Worse than that, CEO Steve Jobs braced investors for another weak quarter as the company works to move excess inventory through the channel. This has to make investors shake their heads. The company reset revenue estimates for the fourth quarter and lowered revenue and earnings estimates for fiscal 2001.
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Related Links:
Motley Fool Stock Research: Apple
Hardware Sector Page
Cisco, Apple, and Probabilities
Picking Perspectives on Apple's Fall
Ariba (Nasdaq: ARBA) -- fiscal Q4 EPS: breakeven vs. loss of $0.03 per share last year; estimate: loss of $0.05
-- Business-to-Business (B2B) Internet company Ariba became the first Internet B2B company to report a break-even quarter. Its days sales outstanding of 41, an 8-day improvement from the previous period, showed the company isn't cutting last-minute deals to generate revenue at the end of the reporting cycle. Revenues were $134.9 million, an increase of 67% from the previous quarter. It's important to look at deferred revenues with this company because of its conservative accounting policy. Ariba added $46 million in deferred revenue, leaving it with a quarter-end total of nearly $200 million. This policy has afforded this company a great deal of upfront cash for investments, even as the revenue is recognized as a current liability. Finally, Ariba added 114 new customers this period to give it well over 400.
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Motley Fool Research Internet Report: B2B E-Commerce (Free)
Inside the B2B Announcements
The B2B Sell-Off
Part 2: Microsoft, Rambus, Sun Microsystems, Texas Instruments »
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