Business
Equinix Reports First Quarter 2019 Results
REDWOOD CITY, Calif., May 1, 2019 /PRNewswire/ -- Quarterly revenues increased 12% year-over-year to $1.363 billion; an 11% year-over-year increase on a
About this update from Equinix, Inc.
[{"type":"text","content":"REDWOOD CITY, Calif., May 1, 2019 /PRNewswire/ --\nQuarterly revenues increased 12% year-over-year to $1.363 billion; an 11% year-over-year increase on a normalized and constant currency basis Key customer wins and expansions included Hutchison 3G UK Limited, SpaceX and Tencent Holdings Interconnection revenues continued to outpace colocation revenues in Q1 with total interconnections increasing to greater than 341,000 Completed the most recent phase of Equinix Cloud Exchange Fabric™ (ECX Fabric™) to enable customers to interconnect their global businesses at the digital edge through connections across and between all three regionsEquinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today reported results for the quarter ended March 31, 2019. Equinix uses certain non-GAAP financial measures, which are described further below and reconciled to the most comparable GAAP financial measures after the presentation of our GAAP financial statements. All per-share results are presented on a fully diluted basis.\nFirst Quarter 2019 Results Summary\nRevenues $1.363 billion, a 4% increase over the previous quarterOperating Income $280 million, a 3% increase over the previous quarter, an operating margin of 21%Adjusted EBITDA $660 million, a 48% adjusted EBITDA margin, a 7% increase over the previous quarter Includes $2 million of integration costsNet Income and Net Income per Share attributable to Equinix $118 million, a 7% increase over the previous quarter $1.44 per share, a 6% increase over the previous quarterAFFO and AFFO per Share $488 million, an 18% increase over the previous quarter $5.95 per share, a 16% increase over the previous quarter Includes $2 million of integration costs2019 Annual Guidance Summary\nRevenues $5.545 - $5.595 billion, a normalized and constant currency increase of 9% over the previous year at the mid-pointAdjusted EBITDA $2.640 - $2.680 billion, a 47 - 48% adjusted EBITDA margin, and a normalized and constant currency increase of 9% over the previous year at the mid-point Assumes $13 million of integration costsAFFO and AFFO per Share $1.880 - $1.910 billion, a normalized and constant currency increase of 13 - 14% over the previous year $22.37 - 22.73 per share, a normalized and constant currency increase of 8 - 9% over the previous year, including the dilutive per share impact f...