Thursday, February 19, 2015

Equinix Posts Q4 Revenue of $638 Million, up 13% YoY

Equinix reported revenue of $638.1 million for the fourth quarter of 2014, a 3% increase over the previous quarter and a 13% increase over the same quarter last year.  Revenues for the year ended December 31, 2014, were $2,443.8 million, a 14% increase over 2013.

Net loss attributable to Equinix was $355.1 million for the fourth quarter. This represents a basic and diluted net loss per share attributable to Equinix of $6.42 for the fourth quarter based on a weighted average share count of 55.3 million. Excluding the de-recognition of the deferred tax assets and liabilities relating to the REIT conversion of $324.1 million and the loss on debt extinguishment, pro forma net income attributable to Equinix was $31.1 million for the fourth quarter. This resulted in a pro forma basic and diluted net income per share attributed to Equinix of $0.56 for the fourth quarter.

"In 2014, Equinix leveraged significant market momentum to deliver another year of strong financial results.  In the fourth quarter, we delivered record bookings, driven by strong performance across all three regions, new customer wins and continued expansion of our cloud ecosystem," said Steve Smith, president and CEO of Equinix.  "The rapid growth of interconnection reflects the importance of Equinix as the place where leading companies come to connect to their customers and partners to accelerate the growth of their business.  I am very pleased with our position going into this year."

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