Great Earnings at Both Akamai and WMS Industries

Over the past 6 months, AKAM has been hammered about concerns about competition in the digital content delivery market and that gave me the opportunity to pickup the stock in early January at less than 50% of its 52 week high.

Well today they rewarded that purchase with another stellar earnings quarter. They exceeded earnings estimates by 10% while growing earnings at over 46% year over year and 14% from the previous quarter.

They are the leader in the content delivery space and have proved repeatedly that they have superior optimization algorithms that provide additional value to their customers. Am I worried about AT&T become a competitor -- absolutely not!!

Video content is exploding on the web and AKAM is positioned to aid all the video players in delivering content to their customers better and faster.

WMS also has been knocking the cover off the ball and produced another great quarter, exceeding analyst expectations by 8% and producing 21% growth over the previous year. They increased their revenue outlook for the full year to $620mm to $632mm from around $600mm previously.

Their strategy of introducing innovative new games is clearly paying off.

Both of these are good solid companies that continue to grow nicely despite the economic downturn. They both are typical of my Growth at a Reasonable Price [GARP] investment strategy. Finding great companies that are temporarily beaten down by the market or industry.