Equinix posted quarterly revenue of approximately $2.0 billion, a record quarter-over-quarter step up of $127 million and up 15% over the same quarter last year. Net income amounted to $259 million, a 101% increase over the previous quarter, primarily due to higher income from operations and lower net interest expense.
Charles Meyers, President and CEO, Equinix, states: “We had a strong start to the year, delivering nearly $2 billion of revenue for the quarter, as our outlook remains positive with the overall demand for digital transformation fueling our conviction around the long-term secular drivers of our business. We look forward to our upcoming analyst day next month, where we plan to continue the discussion of the significant opportunity ahead and our strongly differentiated position in capturing this opportunity as we enable our customers to access all the right places, partners and possibilities.”
Some highlights:
- Equinix surpassed a new milestone of 30 terabits per second (TB/s) of peak traffic across its global Internet Exchanges—a 50% increase in approximately 18 months.
- Equinix closed five cloud on-ramp wins in Q1 bringing Equinix’s portfolio to 210 on-ramps across 46 markets. More than half of the metros in which Equinix operates now offer two or more on-ramps to the largest cloud players.
- Equinix achieved 96% renewable energy coverage of its operational load for 2022, marking the fifth consecutive year with over 90% renewable energy coverage. This reflects a 10% year-over-year increase in procurement of renewable energy on a GWh basis.
- Closed approximately 4,000 deals across more than 3,000 customers
- Customer deployments across multiple regions increased to 76% of total recurring revenue, an increase of 1% quarter over quarter, demonstrating the value of the Equinix global platform.
https://www.equinix.com/newsroom/press-releases/2023/05/equinix-reports-first-quarter-2023-results