Posted by : Randy Cooper in (CDN)
Limelight Networks Inc. reported a smaller loss during the second quarter with revenue tracking upward as more people flock to the Internet for content.
The Tempe-based content delivery system (Nasdaq:LLNW) provider had a net loss of $5.1 million in second quarter, or about 6 cents per share. That compares to the $15.3 million loss it had in the second quarter of 2008.
Its revenue also was up slightly to $32.3 million from about $30.3 million, although both revenue and net income were down slightly from the first quarter. The company is benefiting from the services it received from the purchase of Kiptronic.
“The proliferation of Internet-connected devices and ongoing shift in consumer behavior are driving continued growth in Internet traffic and creating an environment of complexity where innovative technology companies will have great opportunities to build value-added solutions,” said Jeff Lunsford, chairman and chief executive officer, Limelight Networks.