Akamai Misses Q2 Forecast, Memory Costs Bite

Akamai Technologies Q2 forecast falls short of Wall Street expectations, with revenue projected between $1.08B and $1.1B, and adjusted profit per share at $1.45 to $1.65. The companys Q1 revenue met targets but profit decreased. The industry faces challenges due to soaring memory hardware costs, impacting Akamais spending. The macroeconomic landscape remains tough, with companies cautious on spending. Akamais strategic moves in the coming months will be closely watched. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c05b95a40e95390a