Seeking Alpha

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

  • 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
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