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Akamai sees Q4 EPS $1.23-$1.30, consensus $1.29

Sees Q4 revenue $890M-$915M, consensus $911.1M. Sees Q4 foreign exchange impact to revenue of $11M. Sees Q4 gross margin 74%. Sees Q4 operating margin 27%. Sees Q4 capital expenditures $122M-$127M in capex. Sees Q4 tax rate 16%. Says will file plan to buy back $3M of stock later in the week. Says plans to be disciplined with headcount. Says closing 500 open positions and re-tasking employees to work on compute. Comments and guidance taken from Q3 earnings conference call.

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Published first on TheFly

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