Akamai -4.9% AH in spite of Q2 beat, solid guidance

|About: Akamai Technologies, Inc. (AKAM)|By:, SA News Editor

Akamai (NASDAQ:AKAM) guides on its Q2 CC for Q3 revenue of $484M-$496M and EPS of $0.55-$0.58, largely above a consensus of $484.8M and $0.55.

Gross margin rose 160 bps Y/Y in Q2 to 68.6%. But total GAAP costs/expenses rose 30% (exceeded revenue growth of 26%) thanks to big increases in sales/marketing and R&D spend.

$71M was spent on buybacks at an average price of $54.89.

Q2 results, PR