EXHIBIT 99.1

FOR IMMEDIATE RELEASE

Contacts:
Jeff Young Media Relations Akamai Technologies 617-444-3913 jyoung@akamai.com	—or—	Sandy Smith Investor Relations Akamai Technologies 617-444-2804 ssmith@akamai.com

AKAMAI REPORTS FOURTH QUARTER 2007 AND

FULL-YEAR 2007 FINANCIAL RESULTS

• Fourth quarter revenue grew to $183.2 million, up 14 percent from the prior quarter and 46 percent year-over-year, and annual revenue increased 48 percent year-over-year to $636.4 million

• Fourth quarter GAAP net income increased 48 percent quarter-over-quarter to $35.9 million, or $0.20 per diluted share, and full-year GAAP net income increased 76 percent year-over-year to $101.0 million, or $0.56 per diluted share

• Fourth quarter normalized net income* increased 22 percent quarter-over-quarter to $75.9 million, or $0.41 per diluted share, and full-year normalized net income* increased 58 percent year-over-year to $244.4 million, or $1.32 per diluted share

CAMBRIDGE, Mass. – February 6, 2008 – Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service provider for accelerating content and applications online, today reported financial results for the fourth quarter and full-year ended December 31, 2007. Revenue for the fourth quarter 2007 was $183.2 million, a 14 percent increase over third quarter revenue of $161.2 million, and a 46 percent increase over fourth quarter 2006 revenue of $125.7 million. Total revenue for 2007 was $636.4 million, a 48 percent increase over 2006 revenue of $428.7 million.

“2007 was another year of impressive growth and significant accomplishments for Akamai,” said Paul Sagan, president and CEO of Akamai. “The relationships we’ve built with customers across our target industries drove annual revenue growth of nearly 50 percent. As we begin our tenth year as a company, we believe the value of Akamai’s differentiated services is stronger than ever – a testament to the dedication of our employees and the commitment of our customers to building great businesses on the Internet.”

Net income in accordance with United States Generally Accepted Accounting Principles, or GAAP, for the fourth quarter of 2007 was $35.9 million, or $0.20 per diluted share. Full-year GAAP net income for 2007 was $101.0 million, or $0.56 per diluted share.

- more -

The Company generated normalized net income* of $75.9 million, or $0.41 per diluted share, in the fourth quarter of 2007, a 22 percent increase over prior quarter normalized net income of $62.4 million, or $0.34 per diluted share. Full-year normalized net income grew 58 percent year-over-year to $244.4 million, or $1.32 per diluted share. (*See Use of Non-GAAP Financial Measures below for definitions.)

Adjusted EBITDA* for the fourth quarter of 2007 was $86.9 million, up from $71.9 million in the prior quarter, and $53.0 million in the fourth quarter of 2006. Adjusted EBITDA margin for the fourth quarter was 47 percent, a 5-point improvement over the fourth quarter of last year. For the full year, adjusted EBITDA was $283.2 million, up from $173.3 million in 2006. Full-year adjusted EBITDA margin improved to 44 percent, up from 40 percent in 2006. (*See Use of Non-GAAP Financial Measures below for definitions.)

Full-year cash from operations was $235.4 million, or 37 percent of revenue, up 78 percent over the prior year. At year-end, the Company had approximately $633.5 million of cash, cash equivalents and marketable securities.

The Company had approximately 166.5 million shares of common stock outstanding as of December 31, 2007.

The number of customers under long-term service contracts at the end of the fourth quarter increased by 29 to a record 2,645, a 13 percent increase year-over-year.

Sales through resellers and sales outside the United States accounted for 16 percent and 23 percent, respectively, of revenue for the fourth quarter 2007.

Quarterly Conference Call

Akamai will host a conference call today at 4:30 p.m. ET that can be accessed through 1-888-689-4521 (or 1-706-645-9202 for international calls). A live Webcast of the call may be accessed at www.akamai.com in the Investor section. In addition, a replay of the call will be available for one week following the conference through the Akamai Website or by calling 1-800-642-1687 (or 1-706-645-9291 for international calls) and using conference ID No. 30455196.

About Akamai

Akamai^® is the leading global service provider for accelerating content and business processes online. Thousands of 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.

Financial Statements

Condensed Consolidated Balance Sheets

(dollar amounts in thousands)

(unaudited)

	Dec. 31, 2007		Dec. 31, 2006
Assets
Cash and cash equivalents	$	145,078	$	80,595
Marketable securities		400,580		188,141
Restricted marketable securities		511		1,105
Accounts receivable, net		118,944		86,232
Prepaid expenses and other current assets		47,080		18,600
Current assets		712,193		374,673
Marketable securities		84,237		161,511
Restricted marketable securities		3,102		3,102
Property and equipment, net		134,546		86,623
Goodwill and other intangible assets, net		449,137		298,263
Other assets		4,520		4,256
Deferred tax assets, net		285,463		319,504
Total assets	$	1,673,198	$	1,247,932
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	$	74,773	$	80,713
Other current liabilities		13,602		8,551
Current liabilities		88,375		89,264
Other liabilities		9,265		3,975
Convertible notes		199,855		200,000
Total liabilities		297,495		293,239
Stockholders’ equity		1,375,703		954,693
Total liabilities and stockholders’ equity	$	1,673,198	$	1,247,932

Condensed Consolidated Statements of Operations

(amounts in thousands, except per share data)

(unaudited)

	Three Months Ended												Twelve Months Ended
	December 31, 2007			September 30, 2007			December 31, 2006			September 30, 2006			December 31, 2007			December 31, 2006
Revenues	$	183,238		$	161,240		$	125,703		$	111,495		$	636,406		$	428,672
Costs and operating expenses:
Cost of revenues * †		49,394			43,811			28,605			24,984			167,444			94,100
Research and development *		10,466			11,408			9,141			8,862			44,141			33,102
Sales and marketing *		36,397			36,671			34,258			29,416			147,556			119,689
General and administrative * †		33,100			30,744			25,249			24,529			121,101			90,191
Amortization of other intangible assets		2,835			2,835			2,047			1,943			11,414			8,484
Restructuring benefit		—			—			—			—			(178	)		—
Total costs and operating expenses		132,192			125,469			99,300			89,734			491,478			345,566
Operating income		51,046			35,771			26,403			21,761			144,928			83,106
Interest income, net		(6,841	)		(5,913	)		(4,567	)		(3,970	)		(22,729	)		(14,532	)
Loss on early extinguishment of debt		—			2			—			—			3			—
Gain on investments, net		(23	)		(1	)		(2	)		—			(24	)		(261	)
Other (income) expense, net		(30	)		(1,273	)		(357	)		448			(527	)		(570	)
Income before provision for income taxes		57,940			42,956			31,329			25,283			168,205			98,469
Provision for income taxes		22,062			18,692			10,706			11,264			67,238			41,068
Net income	$	35,878		$	24,264		$	20,623		$	14,019		$	100,967		$	57,401
Net income per share:
Basic	$	0.22		$	0.15		$	0.13		$	0.09		$	0.62		$	0.37
Diluted	$	0.20		$	0.13		$	0.12		$	0.08		$	0.56		$	0.34
Shares used in per share calculations:
Basic		164,768			165,474			157,206			155,739			162,959			155,366
Diluted		185,294			185,106			179,064			177,063			185,094			176,767

* Includes stock-related compensation (see supplemental table for figures)

† Includes depreciation (see supplemental table for figures)

	Three Months Ended								Twelve Months Ended
	Dec. 31, 2007		Sept. 30, 2007		Dec. 31, 2006		Sept. 30, 2006		Dec. 31, 2007		Dec. 31, 2006
Supplemental financial data (in thousands):
Stock-related compensation:
Cost of revenues	$	867	$	896	$	637	$	517	$	3,349	$	1,960
Research and development		3,643		4,095		3,409		3,037		15,658		11,435
Sales and marketing		6,144		6,810		5,993		4,781		26,252		18,403
General and administrative		4,954		5,108		4,753		6,179		21,296		17,770
Total stock-related compensation	$	15,608	$	16,909	$	14,792	$	14,514	$	66,555	$	49,568
Depreciation and amortization:
Network-related depreciation	$	14,249	$	13,591	$	8,132	$	7,144	$	50,295	$	26,810
Capitalized stock-related compensation amortization		703		537		136		129		1,829		298
Other depreciation and amortization		2,439		2,279		1,487		1,306		8,356		4,992
Amortization of other intangible assets		2,835		2,835		2,047		1,943		11,414		8,484
Total depreciation and amortization	$	20,226	$	19,242	$	11,802	$	10,522	$	71,894	$	40,584
Capital expenditures:
Purchases of property and equipment	$	9,954	$	18,345	$	18,944	$	13,519	$	81,420	$	56,752
Capitalized internal-use software		5,962		4,981		3,532		2,932		19,057		12,576
Capitalized stock-related compensation		1,991		1,551		1,471		1,058		6,353		4,293
Total capital expenditures	$	17,907	$	24,877	$	23,947	$	17,509	$	106,830	$	73,621
Net increase in cash, cash equivalents, marketable securities and restricted marketable securities	$	67,572	$	62,010	$	18,372	$	48,600	$	199,054	$	120,325
End of period statistics:
Number of customers under recurring contract		2,645		2,616		2,347		2,144
Number of employees		1,324		1,287		1,058		917
Number of deployed servers		30,293		28,301		22,109		21,864

Condensed Consolidated Statements of Cash Flows

(amounts in thousands)

(unaudited)

	Three Months Ended												Twelve Months Ended
	Dec. 31, 2007			Sept. 30, 2007			Dec. 31, 2006			Sept. 30, 2006			Dec. 31, 2007			Dec. 31, 2006
Cash flows from operating activities:
Net income	$	35,878		$	24,264		$	20,623		$	14,019		$	100,967		$	57,401
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:
Depreciation and amortization of intangible assets and deferred financing costs		20,436			19,452			12,013			10,732			72,735			41,426
Stock-related compensation		15,608			16,909			14,792			14,514			66,555			49,568
Utilization of tax NOLs/credits and changes in deferred tax assets, net		22,794			16,540			9,414			11,154			64,472			38,510
Excess tax benefits from stock-related compensation		(2,551	)		(2,338	)		(12,910	)		(8,735	)		(20,862	)		(32,511	)
(Gain) loss on investments, property and equipment and foreign currency, net		(375	)		(678	)		(438	)		64			(1,542	)		(996	)
Provision for doubtful accounts		848			944			397			(164	)		2,901			830
Non-cash portion of loss on early extinguishment of debt		—			2			—			—			3			—
Non-cash portion of restructuring benefit		—			—			—			—			(178	)		—
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net		(11,386	)		(9,054	)		(14,022	)		(3,257	)		(31,937	)		(28,020	)
Prepaid expenses and other current assets		(3,584	)		(2,192	)		(3,249	)		(495	)		(11,209	)		(8,062	)
Accounts payable, accrued expenses and other current liabilities		(8,837	)		10,975			(3,137	)		12,097			(12,965	)		15,382
Accrued restructuring		(177	)		(1,049	)		(464	)		(458	)		(2,722	)		(1,970	)
Deferred revenue		1,324			859			(759	)		(937	)		5,297			343
Other noncurrent assets and liabilities		1,179			1,479			310			(44	)		3,874			66
Net cash provided by operating activities		71,157			76,113			22,570			48,490			235,389			131,967
Cash flows from investing activities:
Business acquisitions, net of cash acquired		—			—			(5,127	)		—			7,875			(5,127	)
Purchases of property and equipment and capitalization of internal-use software costs		(15,916	)		(23,326	)		(22,476	)		(16,451	)		(100,477	)		(69,328	)
Proceeds from sales and maturities of investments		166,353			93,335			79,075			65,501			415,771			264,308
Purchase of investments		(241,788	)		(102,716	)		(116,164	)		(87,778	)		(550,614	)		(395,871	)
Proceeds from sale of property and equipment		6			9			—			—			15			—
Decrease in restricted investments held for security deposits		—			723			—			—			723			400
Net cash used in investing activities		(91,345	)		(31,975	)		(64,692	)		(38,728	)		(226,707	)		(205,618	)
Cash flows from financing activities:
Proceeds from the issuance of common stock under stock option and employee stock purchase plans		9,035			4,835			9,267			7,186			31,621			27,918
Excess tax benefits from stock-related compensation		2,551			2,338			12,910			8,735			20,862			32,511
Payments on capital leases		—			—			—			—			(23	)		—
Net cash provided by financing activities		11,586			7,173			22,177			15,921			52,460			60,429
Effects of exchange rate translation on cash and cash equivalents		876			1,331			1,417			(62	)		3,341			2,025
Net (decrease) increase in cash and cash equivalents		(7,726	)		52,642			(18,528	)		25,621			64,483			(11,197	)
Cash and cash equivalents, beginning of period		152,804			100,162			99,123			73,502			80,595			91,792
Cash and cash equivalents, end of period	$	145,078		$	152,804		$	80,595		$	99,123		$	145,078		$	80,595

* Use of Non-GAAP Financial Measures

In addition to providing financial measurements based on generally accepted accounting principles in the United States of America (GAAP), Akamai has historically provided additional financial metrics that are not prepared in accordance with GAAP (non-GAAP). Legislative and regulatory changes discourage the use of and emphasis on non-GAAP financial metrics and require companies to explain why

non-GAAP financial metrics are relevant to management and investors. We believe that the inclusion of these non-GAAP financial measures in this press release helps investors to gain a meaningful understanding of our past performance and future prospects, consistent with how management measures and forecasts our performance, especially when comparing such results to previous periods or forecasts. Our management uses these non-GAAP measures, in addition to GAAP financial measures, as the basis for measuring our core operating performance and comparing such performance to that of prior periods and to the performance of our competitors. These measures are also used by management in its financial and operational decision-making. There are limitations associated with reliance on these non-GAAP financial metrics because they are specific to our operations and financial performance, which makes comparisons with other companies’ financial results more challenging. By providing both GAAP and non-GAAP financial measures, we believe that investors are able to compare our GAAP results to those of other companies while also gaining a better understanding of our operating performance as evaluated by management.

Akamai defines “Adjusted EBITDA” as net income, before interest, income taxes, depreciation and amortization of tangible and intangible assets, stock-related compensation expense, amortization of capitalized stock-related compensation, restructuring charges and benefits, certain gains and losses on equity investments, foreign exchange gains and losses, loss on early extinguishment of debt, utilization of tax NOLs/credits and release of the deferred tax asset valuation allowance. Akamai considers Adjusted EBITDA to be an important indicator of the Company’s operational strength and performance of its business and a good measure of the Company’s historical operating trend.

Adjusted EBITDA eliminates items that are either not part of the Company’s core operations, such as investment gains and losses, foreign exchange gains and losses, early debt extinguishment and net interest expense, or do not require a cash outlay, such as stock-related compensation. Adjusted EBITDA also excludes depreciation and amortization expense, which is based on the Company’s estimate of the useful life of tangible and intangible assets. These estimates could vary from actual performance of the asset, are based on historic cost incurred to build out the Company’s deployed network, and may not be indicative of current or future capital expenditures.

Akamai defines “Adjusted EBITDA margin” as Adjusted EBITDA as a percentage of revenues. Akamai considers Adjusted EBITDA margin to be an indicator of the Company’s operating trends and performance of its business in relation to its revenue growth.

Akamai defines “capital expenditures” or “capex” as purchases of property and equipment, capitalization of internal-use software development costs and capitalization of stock-related compensation. Capital expenditures or capex are disclosed in Akamai’s condensed consolidated Statement of Cash Flows in the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Akamai defines “normalized net income” as net income before amortization of intangible assets, stock-related compensation expense, amortization of capitalized stock-related compensation, restructuring charges and benefits, certain gains and losses on equity investments, loss on early extinguishment of debt, utilization of tax NOLs/credits and release of the deferred tax asset valuation allowance. Akamai considers normalized net income to be another important indicator of the overall performance of the Company because it eliminates the effects of events that are either not part of the Company’s core operations or are non-cash.

Akamai defines “diluted shares used in normalized net income per share calculation” as diluted common shares outstanding used in GAAP net income per share calculation, excluding the effect of FAS 123R under the treasury stock method. Akamai considers normalized net income to be another important indicator of overall performance of the Company because it eliminates the effect of a non-cash item.

Adjusted EBITDA and normalized net income should be considered in addition to, not as a substitute for, the Company’s operating income and net income, as well as other measures of financial performance reported in accordance with GAAP.

Reconciliation of Non-GAAP Financial Measures

In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, the Company is presenting the most directly comparable GAAP financial measures and reconciling the non-GAAP financial metrics to the comparable GAAP measures.

Reconciliation of GAAP net income to normalized net income

and Adjusted EBITDA

(amounts in thousands, except per share data)

	Three Months Ended												Twelve Months Ended
	Dec. 31, 2007			Sept. 30, 2007			Dec. 31, 2006			Sept. 30, 2006			Dec. 31, 2007			Dec. 31, 2006
Net income	$	35,878		$	24,264		$	20,623		$	14,019		$	100,967		$	57,401
Amortization of intangible assets		2,835			2,835			2,047			1,943			11,414			8,484
Stock-related compensation		15,608			16,909			14,792			14,514			66,555			49,568
Amortization of capitalized stock-related compensation		703			537			136			129			1,829			298
Gain on investments, net		(23	)		(1	)		(2	)		—			(24	)		(261	)
Utilization of tax NOLs/credits		20,898			17,833			9,924			11,154			63,869			39,020
Loss on early extinguishment of debt		—			2			—			—			3			—
Restructuring benefit		—			—			—			—			(178	)		—
Total normalized net income:		75,899			62,379			47,520			41,759			244,435			154,510
Interest income, net		(6,841	)		(5,913	)		(4,567	)		(3,970	)		(22,729	)		(14,532	)
Provision for income taxes		1,164			859			782			110			3,369			2,048
Depreciation and amortization		16,688			15,870			9,619			8,450			58,651			31,802
Other (income) expense, net		(30	)		(1,273	)		(357	)		448			(527	)		(570	)
Total Adjusted EBITDA:	$	86,880		$	71,922		$	52,997		$	46,797		$	283,199		$	173,258
Normalized net income per share:
Basic	$	0.46		$	0.38		$	0.30		$	0.27		$	1.50		$	0.99
Diluted	$	0.41		$	0.34		$	0.27		$	0.24		$	1.32		$	0.88
Shares used in normalized per share calculations:
Basic		164,768			165,474			157,206			155,739			162,959			155,366
Diluted		186,674			186,767			181,332			179,563			186,709			179,470

# # #

Akamai Statement Under the Private Securities Litigation Reform Act

This 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 expectations with respect to revenue. 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, failure to maintain the prices we charge for our services, unexpected increases in Akamai’s use of funds, loss of significant customers, failure to increase our revenue and keep our expenses consistent with

revenues, 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, inability to realize the benefits of our net operating loss carryforward, delay in developing or failure to develop new service offerings or functionalities, and if developed, lack of market acceptance of such service offerings and functionalities, unexpected expenses associated with the integration of Nine Systems, 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.