Akamai Technologies, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 04:00 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: James Benson, Chief Financial Officer, Chief Accounting Officer and Executive Vice President.

Akamai Technologies, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s revenues were increased 15% to $368.046 million compared to $319.448 million a year ago. Operating income was $101.188 million compared to $71.579 million a year ago. Income before provision for income taxes was $102.664 million compared to $72.784 million a year ago. Net income was $71.487 million or $0.39 per diluted share compared to $43.227 million or $0.24 per diluted share a year ago. Net cash provided by operating activities was $103.040 million compared to $92.503 million a year ago. Purchases of property and equipment and capitalization of internal-use software costs was of $63.476 million compared to $43.344 million a year ago. Non-GAAP net income was $93.233 million or $0.51 per diluted share compared to $65.296 million or $0.50 per diluted share a year ago, driven by strong operational execution. Non-GAAP EPS was up 42% year-over-year, in part due to a favorable tax rate and the recently introduced change in depreciation methodology, both of which were factored into first quarter guidance. Adjusted EBITDA was increased 16% to $166.074 million compared to $142.649 million a year ago. Total capital expenditures were $66.414 million compared to $45.642 million a year ago. For the second quarter, the company expects EBITDA margin to be 42% to 43%, and that it will remain in the low 40s for the remainder of the year. At this level of revenue, the company expects to see non-GAAP EPS in the range of $0.44 to $0.46. This EPS guidance includes taxes of $40 million to $43 million based on an estimated second quarter non-GAAP tax rate of 34%. The company expects non-GAAP tax rates for third quarter and fourth quarter to be consistent with second quarter at roughly 34% and a full year tax rate projection of approximately 33%. This guidance also reflects a fully diluted share count of roughly 180 million shares. CapEx to be spend $75 million to $80 million, excluding equity compensation. The company expects another strong quarter, with revenue in the range of $368 million to $378 million. This range represents 15% to 18% year-over-year growth when exclude the ADS divestment from 2012 results. Cash gross margins to remain stable at about 76% and GAAP gross margins to come in at 66%, down 1 point from first quarter levels due to depreciation increasing as continue to build out the network. For the full year, the company’s tax rate projection to be approximately 33%.

Akamai Technologies, Inc. announced the availability of Mobile Authentication as a Service (MAaaS). The solution is designed to provide cloud-based multi--factor authentication to increasingly mobile federal employees. Delivered as a cloud-based application in conjunction with CGI Group Inc. to receive FedRAMP authorization - the new MAaaS solution can be used across a wide variety of mobile devices including smartphones, tablets and wirelessly connected laptops. By allowing federal agencies to maintain security control at the application level even if they do not manage the actual device, MAaaS can be used in conjunction with increasingly popular Bring Your Own Device (BYOD) programs. Designed to be highly flexible, the new MAaaS solution can allow authentication parameters to be customized based on application and associated risk policy. This multi-factored, layered approach can help ensure the right level of protection is applied to protect information and privacy. Unlike mobile authentication solutions that employ single or 2-factor authentication, the MAaaS solution can incorporate as many as seven factors of authentication provided by Daon. The MAaaS solution is also designed to allow government agencies to incorporate existing Common Access Card (CAC) or Personal Identity Verification (PIV) card implementations into their mobile authentication strategies. This should allow agencies to take full advantage of the government's current investments in efforts such as X.509 compliance technology, while allowing greater flexibility and security to their workforce.