Equinix Reports Fourth Quarter And Full Year 2019 Results

About this update from Equinix, Inc.

[{"type":"text","content":"Interconnection and Data Center Leader Delivers 68th Consecutive Quarter of Revenue Growth\n\n\nREDWOOD CITY, Calif., Feb. 12, 2020 /PRNewswire/ --\nDelivered 2019 annual revenues increase of 10% year-over-year to $5.562 billion. This reflects a 9% year-over-year increase on a normalized and constant currency basis Named a leader in the first-ever IDC MarketScape report for Worldwide Colocation and Interconnection Services Customer deployments across multiple metros increased to 87% of total recurring revenues, demonstrating the value of the Equinix global platform Appointed Adaire Fox-Martin to Board of DirectorsEquinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today reported results for the quarter and year ended December 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.\n2019 Results Summary\nRevenues $5.562 billion, a 10% increase over the previous year or a normalized and constant currency increase of 9%Operating Income $1.170 billion, a 20% increase over the previous year, and an operating margin of 21%Adjusted EBITDA $2.688 billion, a 48% adjusted EBITDA margin Includes $9 million of integration costsNet Income and Net Income per Share attributable to Equinix $507 million, a 39% increase over the previous year $5.99 per share, a 31% increase over the previous yearAFFO and AFFO per Share $1.931 billion, a 16% increase over the previous year or 13% on a normalized and constant currency basis $22.81 per share, a 10% increase over the previous year or 8% on a normalized and constant currency basis Includes $9 million of integration costs2020 Annual Guidance Summary\nRevenues $6.000 - $6.050 billion, an 8 - 9% increase over the previous year, both on an as-reported and normalized and constant currency basisAdjusted EBITDA $2.858 - $2.908 billion, a 48% adjusted EBITDA margin Assumes $10 million of integration costsAFFO and AFFO per Share $2.108 - $2.158 billion, an increase of 9 - 12% over the previous year or a normalized and constant currency increase of 11 - 14% $24.42 - $25.00 per share, an increase of 7 - 10% over the previous year or a normalized and constant currency ...

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