Akamai sees FY23 EPS $5.40-$5.60, consensus $5.59

Sees FY23 revenue $3.7B-$3.78B, consensus $3.74B. Sees FY23 capital expenditures 21% of revenue. Sees FY23 tax rate 17.5%. Says challenging macro environment. Says taking several actions to reduce cost. Says margins will remain slightly under 30% in the near term. Says re-tasking 1,000 positions or 10% of workforce. Says Q4 is usually strongest revenue quarter.