Akamai sees FY25 capital expenditures 19% of revenue

Sees Q1 capital expenditures 24% of revenue. Sees FY25 tax rate 19.5%. Sees Q1 tax rate 19.5%. Sees FY25 operating margin 28%. Sees Q1 operating margin 28%. Says supporting a growing number of AI use cases. Sees 15% growth for cloud computing solutions as a whole in 2025. Says largest customer is navigating political challenges. Says headwind from largest customer will produce 1%-2% headwind to total revenue per year for next few years. Says expects capital expenditures to be heavily front end loaded. Says expects interest income to decline in FY25. Says expects revenue acceleration and margin expansion in FY26. Comments and guidance taken from Q4 earnings conference call.