On Oct. 25, Motley Fool Rule Breakers pick Akamai Technologies
- Sales and earnings benefited from a previously disclosed tax asset valuation of $255.3 million. Excluding that, earnings per share of $0.14 met analyst estimates while sales of $75.7 million barely squeaked past Street projections.
- Q3 was the first quarter to fully reflect the benefits of the Speedera acquisition. And, with revenue up more than 40% year-over-year, the benefits clearly showed.
- Guidance improved as well. Management now expects Akamai to earn $0.51 per stub for fiscal 2005, up from an estimate of $0.50 in July.
Figures in thousands, except per-share data.
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q3 2005 |
Q3 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$75,200 |
$75,713 |
$53,286 |
+42.1% |
|
Net Profit |
-- |
$272,260 |
$11,249 |
+2,320.3% |
|
EPS |
$0.14 |
$1.71 |
$0.08 |
+2,037.5% |
Margin Checkup (What's this?)
|
Q3 2005 |
Q3 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
79.80% |
77.95% |
+1.85% |
|
Op. Margin |
24.83% |
25.27% |
-0.44% |
|
Net Margin |
359.59% |
21.11% |
+338.48% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q3 2005 |
Q3 2004 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$67,046 |
$72,572 |
-7.6% |
|
Inventory |
$ -- |
$ -- |
N/A |
|
Accounts Rec. |
$43,935 |
$28,525 |
+54.0% |
|
Liabilities |
Q3 2005 |
Q3 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$200,000 |
$281,489 |
-28.9% |
|
Accounts Pay. |
$50,982 |
$42,045 |
+21.3% |
Cash Flow Highlights (What's this?)
|
Q3 2005 |
Q3 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops. |
$55,125 |
$35,662 |
+54.6% |
|
Capital Expend. |
$28,055 |
$12,963 |
+116.4% |
|
Free Cash Flow |
$27,070 |
$22,699 |
+19.3% |
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Related Foolishness:
- Apple saved the world again. With a little help from Akamai, of course.
- Make Akamai a part of your $99 portfolio.
- To stalk potential multibaggers like Akamai, you need to learn to invest like a venture capitalist.
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Fool contributor Tim Beyers owns shares of Akamai. You can find out what else is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .
