Akamai Catches Profit Wave
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Whoa. That's one gnarly earnings report, dude.
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Tokyo's Nikkei hit a two-week closing  high on Wednesday as favorable earnings lifted companies such  as drug maker Eisai Co. and Mitsubishi Electric Corp. while  steelmakers gained on anticipation of a rise in steel sheet  prices.
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Profit at SLM Corp. soared in last year's final quarter, propelling the big education finance company to a 25 percent jump in annual earnings over 2003.
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The company says its revenue is stabilizing. If so, a value stock is in the making.
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Plus: Sony profit up, forecast cautious...Matsushita profit up 22 percent...Amazon's profit up, margins squeezed...SAP cautious on 2008.
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Oracle, the world's second largest software producer, saw profits jump 16% to $509m (Â£283m) in the first half of the year on strong sales of its core database products.
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By Las Vegas Review-Journal  Feb. 14--American Pacific Corp. of Las Vegas on Tuesday reported a  first-quarter profit, reversing a year-earlier loss.   The chemical manufacturer said it earned $639,000, or 9 cents per share,  for the three months ended Dec.
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Japan&#39;s stock benchmarks rose. KDDI Corp. and Nippon Telegraph &amp; Telephone Corp. gained as Deutsche Bank AG said profits in the telecommunications industry have benefited from a recovery in the world&#39;s second-largest economy.
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By JOSEPH COLEMAN  TOKYO - Japan's beleaguered Mitsubishi Motors Corp. reported its first quarterly profit since 2004 as the weaker yen lifted earnings in the October-December period.
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TOKYO  - Nintendo, the world&#39;s largest maker of portable game consoles, said it returned to profitability in the first half after booking large foreign exchange gains.
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The software maker proves that its form of capitalism is working quite well, with quarterly earnings topping its own and Wall Street's predictions.
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MUMBAI: Japanese stocks gained after a Government report showed industrial production rose for the first month in three, providing evidence that growth in the worlds second-largest economy will be sustained.
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Amazon.com stock is back in the stratosphere, propelled by improved profit margins and swelling revenues.
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The Nikkei average was up 0.34 percent by  midsession on Thursday as buyers went after companies with  solid earnings prospects such as Furukawa Electric Co. and  Kawasaki Kisen Kaisha Ltd., while the dollar's recovery helped  auto makers.
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Sony recorded a 61.6% jump in its net profit in the third quarter of this year thanks to the success of its entertainment and movie sectors, the firm said yesterday.
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The Tokyo-based company posted a net profit of 131.6 billion yen ($1.22 billion) for 2007 as brisk tire sales and a weaker yen offset a rise in raw material costs.
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Here are some Cambridge players in the video space: Akamai Technologies Inc. With its vast network of servers delivering Internet content, Akamai has stepped up its video-streaming business. The company, which has been transmitting video since 2000, rebranded its service as Akamai Media Delivery and purchased Nine Systems, a steaming media tools maker, last year for $160 million.