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.

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."

Topics: Enterprise Software

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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