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Ascendant



Revenue grows 27 percent year-over-year to $64.6 million, an 8 percent
increase from prior quarter

Second quarter GAAP net income expands 134 percent year-over-year to $15.9
million, or $0.11 per diluted share, a 13 percent increase over prior
quarter’s GAAP net income

Normalized net income* increases 65 percent year-over-year to $17.1 million,
or $0.12 per diluted share, a 19 percent increase over prior quarter’s
normalized net income

CAMBRIDGE, Mass. – July 27, 2005 – Akamai Technologies, Inc. (NASDAQ: AKAM),
the leading global service provider for accelerating content and business
processes online, today reported financial results for the second quarter
ended June 30, 2005.

Revenue for the second quarter 2005 was $64.6 million, an 8 percent increase
over first quarter 2005 revenue of $60.1 million, and a 27 percent increase
over second quarter 2004 revenue of $50.8 million.

Akamai’s second quarter consolidated financial results include 20 days of
activity from Speedera Networks, Inc. following the closing of Akamai’s
acquisition of Speedera on June 10th. Speedera contributed $2.5 million of
revenue during the quarter.

Net income in accordance with United States Generally Accepted Accounting
Principles, or GAAP, increased in the second quarter of 2005 to $15.9
million, or $0.11 per diluted share, a 13 percent increase over first
quarter 2005 GAAP net income of $14.1 million, or $0.10 per diluted share,
and a significant improvement over 2004 second quarter earnings per diluted
share of $0.05 per share.

“Excellent performance across our business in the second quarter helped to
drive our record top-line results and profitability,” said Paul Sagan,
president and CEO of Akamai. “In addition, we already are seeing benefits
from the Speedera acquisition, and expect further improvements as we work to
expand our client base and service offerings.”

The Company generated normalized net income* of $17.1 million, or $0.12 per
diluted share, in the second quarter of 2005.

Adjusted EBITDA* for the second quarter of 2005 was $22.7 million, up 11
percent compared to $20.4 million in the prior quarter, and up 28 percent
compared to $17.7 million in the second quarter of 2004. Adjusted EBITDA as
a percentage of revenue was 35 percent, up from 34 percent in the prior
quarter, and consistent with second quarter 2004.

Cash from operations was $14.7 million in the second quarter, which includes
costs associated with the acquisition, as compared to first quarter 2005
cash from operations of $18.7 million. On a year-to-date basis, cash from
operations was $33.4 million, as compared to $21.1 million in the first six
months of 2004.

At June 30, 2005, the Company had approximately 138.8 million shares of
common stock outstanding, and had approximately $130.7 million of cash, cash
equivalents and marketable securities, including $4.5 million in cash, cash
equivalents and marketable securities resulting from the Speedera
acquisition.

Customers
Excluding any customers that were acquired from Speedera, Akamai added 71
net new customers under long-term services contracts during the second
quarter 2005. The Speedera acquisition resulted in an additional 305
recurring revenue customers, bringing Akamai’s total number of customers
under long-term services contracts at the end of the second quarter to
1,736.

“We are benefiting from the increased adoption of our platform by leading
enterprises and government agencies that need to make mission-critical
applications predictable, scalable and secure,” continued Sagan. “We
believe that, in the near term, growth will continue in such markets as
online commerce, electronic software and media delivery, manufacturing,
travel and hospitality, news and information portals, and the public
sector.”

Sales through resellers and sales outside the United States accounted for 25
percent and 21 percent, respectively, of revenue for the second quarter of
2005.

About Akamai
Akamai® is the leading global service provider for accelerating content and
business processes online. More than 1,700 organizations have formed
trusted relationships with Akamai, improving their revenue and reducing
costs by maximizing the performance of their online businesses. Leveraging
the Akamai EdgePlatform, these organizations gain business advantage today,
and have the foundation for the emerging Web solutions of tomorrow. Akamai
is “The Trusted Choice for Online Business.” For more information, visit
www.akamai.com.

# # #

Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and
prospects of Akamai's management that constitute forward-looking statements
for purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995, including statements concerning the expected
growth and development of our business and our expectations concerning the
acquisition of Speedera. Actual results may differ materially from those
indicated by these forward-looking statements as a result of various
important factors including, but not limited to, unexpected increases in
Akamai’s use of funds, loss of significant customers, failure to increase
our revenue and keep our expenses consistent with revenues, failure to
realize our expectations with respect to the acquisition of Speedera, the
effects of any attempts to intentionally disrupt our services or network by
unauthorized users or others, failure to have available sufficient
transmission capacity, a failure of Akamai'
s services or network infrastructure, failure to maintain the prices we
charge for our services, inability to service and repay our outstanding debt
and other factors that are discussed in the Company's Annual Report on Form
10-K, quarterly reports on Form 10-Q, and other documents periodically filed
with the SEC.

In addition, the statements in this press release represent Akamai’s
expectations and beliefs as of the date of this press release. Akamai
anticipates that subsequent events and developments may cause these
expectations and beliefs to change. However, while Akamai may elect to
update these forward-looking statements at some point in the future, it
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing Akamai’s expectations
or beliefs as of any date subsequent to the date of this press release.

For more information, please contact:

Kim Squire
Ascendant
Tel: 0870 7000 166




This press release was distributed by ResponseSource Press Release Wire on behalf of Ascendant Communications in the following categories: Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.