Business
Equinix Reports Second Quarter 2022 Results
Record Growth as Businesses Continue to Prioritize Digital Infrastructure Despite Macroeconomic Conditions REDWOOD CITY, Calif., July 27, 2022 /PRNewswire/ --
About this update from Equinix, Inc.
[{"type":"text","content":"Record Growth as Businesses Continue to Prioritize Digital Infrastructure Despite Macroeconomic Conditions\n\n\nREDWOOD CITY, Calif., July 27, 2022 /PRNewswire/ --\nQuarterly revenues increased 10% on both an as-reported and normalized and constant currency basis over the same quarter last year to $1.8 billion, representing the company's 78th consecutive quarter of revenue growth—the longest streak of any S&P 500 companyDelivered record quarterly gross and net bookings led by the Americas and EMEA regions— sizably surpassing the prior peakAchieved record channel bookings in Q2, accounting for more than 35% of total bookingsExceeded 435,000 interconnections in Q2, highlighting the company's critical role in the digital infrastructure of today's businessesEquinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure companyTM, today reported results for the quarter ended June 30, 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.\nSecond Quarter 2022 Results Summary\nRevenues$1.8 billion, a 5% increase over the previous quarterIncludes a negative $20 million foreign currency impact when compared to prior guidance ratesOperating Income$318 million, a 19% increase over the previous quarter and an operating margin of 17%Net Income and Net Income per Share attributable to Equinix$216 million, a 47% increase over the previous quarter, primarily due to strong operating performance and a favorable tax settlement$2.37 per share, a 46% increase over the previous quarterAdjusted EBITDA$860 million, an 8% increase over the previous quarter and an adjusted EBITDA margin of 47%Includes a negative $10 million foreign currency impact when compared to prior guidance ratesIncludes $4 million of integration costsAFFO and AFFO per Share$691 million, a 6% increase over the previous quarter, primarily due to strong operating performance, partially offset by higher taxes due to increased profitability$7.58 per share, a 6% increase over the previous quarterIncludes $4 million of integration costs2022 Annual Guidance Summary\nRevenues$7.259 - $7.299 billion, an increase of 9 - 10% over the previous year, or a normalized and constant cu...