Akamai, Cornerstone, Constant Contact deliver solid quarters

Akamai, Cornerstone, Constant Contact deliver solid quarters

Summary: Akamai's quarter was well ahead of estimates, Cornerstone topped revenue expectations and Constant Contact was strong.

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Akamai reported strong first quarter results as its security and content delivery network services fared well.

The company reported first quarter earnings of $73 million, or 40 cents a share, on revenue of $454 million, up 23 percent from a year ago. Non-GAAP earnings were 58 cents a share.

Wall Street was expecting Akamai to report first quarter non-GAAP earnings of 53 cents a share on revenue of $441.3 million.

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Constant Contact, which provides marketing software for small businesses, delivered a strong first quarter as it added customers and retained existing ones.

The company reported first quarter earnings of $850,000, or 3 cents a share, on revenue of $78.9 million, up 15.6 percent from a year ago. Non-GAAP earnings for the quarter was 16 cents a share.

Wall Street was expecting earnings of 13 cents a share on revenue of $78.6 million.

As for the outlook, Constant Contact projected non-GAAP second quarter earnings of 18 cents a share to 20 cents a share on revenue of $81 million to $81.3 million. Analysts were expecting non-GAAP earnings of 18 cents a share on revenue of $81 million.

Constant Contact sees 2014 sales of $330 million with non-GAAP earnings of about $1.02 a share.

Cornerstone OnDemand delivered stronger than expected first quarter sales, but the company's losses were larger than anticipated.

The company, which makes talent management software, reported a first quarter net loss of $15.8 million, or 30 cents a share, on revenue of $57.4 million, up 52 percent from a year ago. The non-GAAP first quarter loss was 10 cents a share.

Wall Street was expecting Cornerstone to report a first quarter non-GAAP loss of 9 cents a share on revenue of $56.9 million.

Cornerstone added that deferred revenue as of March 31 was $131.1 million, up 45 percent from a year ago. CEO Adam Miller said in a statement that the company saw strength across multiple verticals and aspires to be "the long-term technology leader in our space."

Topic: Enterprise Software

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