Thursday, November 1, 2012

Equinix Posts Q3 Revenue of $489 Million


Equinix reported revenues from continuing operations of $488.7 million for the third quarter, a 7% increase over the previous quarter and a 20% increase over the same quarter last year.  This result included $16.1 million in revenues from the Company’s Asia Tone and ancotel acquisitions for the quarter and excluded $8.8 million of revenues from discontinued operations.  Recurring revenues, consisting primarily of colocation, interconnection and managed services were $462.8 million for the third quarter, a 7% increase over the previous quarter and a 19% increase over the same quarter last year.  Non-recurring revenues were $25.9 million in the quarter.   
Net income attributable to Equinix for the third quarter was $28.8 million.  This represents a basic net income per share attributable to Equinix of $0.60 and a diluted net income per share attributable to Equinix of $0.58 based on a weighted average share count of 48.4 million and 52.7 million, respectively, for the third quarter of 2012.  
“We delivered solid financial results in the third quarter, driven by continued demand for our services across all three regions,” said Steve Smith, president and CEO of Equinix. “We are executing with discipline and remain focused on profitable growth.  We believe the value of our global interconnection platform and further development of our business ecosystems will underpin our competitive position in support of our long-term opportunity.” 

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