Normalized net loss for the fourth quarter 2000, before equity related non-cash compensation charges and amortization of intangible assets, totaled $58.9 million, or $0.61 per share, compared to First Call’s consensus summary net loss of $0.68 per share. Third quarter 2000 normalized net loss was $55.7 million, or $0.60 per share. Normalized net loss for fiscal 2000 totaled $182.2 million, or $2.07 per share, compared to First Call’s consensus summary net loss of $2.14 per share.
Despite remaining in the red Akamai do appear to be heading consolidating their new company strategy with success. Timothy Weller, chief financial officer at Akamai said in a press statelment, With our startup expenditures largely behind us and the growth in the fixed-cost aspects of our network moderating later this year, we are poised to make a strong move toward profitability and demonstrate the operating leverage of a large global network offering multiple new high-margin services.
