Limelight posts 1Q loss despite higher revenue – Phoenix Business Journal – News Journal Blogs




Bob Lento

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Bob Lento




Limelight Networks Inc. today reportable a expiration for the prototypal quarter, despite 3 proportionality ontogeny in revenue.


Tempe-based Limelight (Nasdaq:LLNW), which develops noesis conveying systems for online media, posted a expiration of $8.7 million, or 8 cents per share, on income of $45.8 meg for the lodge ended March 31.


That compares with a expiration of $9.5 meg on income of $44.3 meg for the aforementioned lodge terminal year.


“In my prototypal flooded lodge at Limelight, I settled a brawny inflection on dynamical pore and a broad take of enforcement crossways our playing in visit to have crack assist to our customers and physique investor value,” CEO Bob Lento said in a embattled statement. “We began to compel changes to meliorate our income organization’s fecundity and process the power of our income and marketing investments, and we locate in locate processes within (research and development) to qualify creation instance to mart and process the calibre of apiece solution. I am pleased by our advancement during the quarter.”


During the prototypal quarter, Limelight also prefabricated George Vonderhaar honcho income tar and Jonathan Smith managing administrator and evilness chair for Europe, Middle East and Africa.


Limelight launched a book, “Digital Presence for Dummies,” the industry’s prototypal pass to digital presence. The consort said obligation for the aggregation is “strong,” and within a some weeks of business the DemandGen Report titled it a 2013 Killer Content Award winner.



Hayley Ringle covers profession and startups for the constellation Business Journal.





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Limelight posts 1Q expiration despite higher income – constellation Business Journal


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