Performs well despite ‘currency headwinds’, says CEO.
Data centre firm Equinix has reported a 3% revenue increase over the previous quarter, with a 14% increase over the same quarter last year.
However,earnings per share declined to $0.79 from $0.83 per share in the previous year.
Revenues were $620.4 million for the third quarter. Recurring revenues, consisting primarily of colocation, interconnection and managed services, were $588.4 million for the third quarter, a 2% increase over the previous quarter and a 14% increase over the same quarter last year.
"Equinix delivered both revenue and adjusted EBITDA above the top end of our guidance range, despite significant currency headwinds," said Steve Smith, CEO of Equinix.
"We are very pleased with our performance, driven by strength in the core business, global expansions with key customers and accelerated momentum in cloud. The robust growth of our ecosystems generated a record 5,700 additional cross-connects this quarter, 36% higher than our previous record, and reflects an increase in interconnection activity between our cloud, content and network customers."