Business
Equinix Reports Fourth-Quarter and Full-Year 2022 Results
Exceeds $7 Billion in Revenue with 80th Consecutive Quarter of Revenue Growth--the Longest Streak of Any S&P 500 Company REDWOOD CITY, Calif., Feb. 15, 2023
About this update from Equinix, Inc.
[{"type":"text","content":"Exceeds $7 Billion in Revenue with 80th Consecutive Quarter of Revenue Growth--the Longest Streak of Any S&P 500 Company\n\n\nREDWOOD CITY, Calif., Feb. 15, 2023 /PRNewswire/ --\n2022 annual revenues increased 9% year-over-year on an as-reported basis and 11% on a normalized and constant currency basis to $7.3 billionDelivered seventh consecutive quarter of record channel bookings, accounting for nearly 40% of total bookings and approximately 60% of new logosClosed over 17,000 deals across more than 6,000 customers in 20222023 financial outlook at or above company's previously disclosed long-term targets shared at the June 2021 Analyst DayIncreases quarterly cash dividend by 10% to $3.41 per share on its common stock due to strong operating performanceEquinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure companyTM, today reported results for the quarter and year ended December 31, 2022. 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.\n2022 Results Summary\nRevenues $7.263 billion, a 9% increase over the previous year on an as-reported basis or 11% on a normalized and constant currency basisOperating Income$1.201 billion, an 8% increase over the previous year, and an operating margin of 17%, largely due to strong operating performance offset in part by increased investments to support the expanded scale and reach of the businessNet Income and Net Income per Share attributable to Equinix $705 million, a 41% increase over the previous year, primarily due to operating performance strength and loss on debt extinguishment in 2021; partially offset by higher income taxes$7.67 per share, a 39% increase over the previous yearAdjusted EBITDA$3.370 billion, a 46% adjusted EBITDA marginIncludes $20 million of integration costsAFFO and AFFO per Share$2.714 billion, an 11% increase over the previous year on both an as-reported and normalized and constant currency basis$29.55 per share, a 9% increase over the previous year or a normalized and constant currency increase of 11%Includes $20 million of integration costs2023 Annual Guidance Summary\nRevenues$8.145 - $8.245 billion, a 12 - 14% increase over the previous year ...