Showing posts with label Equinix. Show all posts
Showing posts with label Equinix. Show all posts

Wednesday, February 13, 2019

Equinix sees record bookings for its 200 global data centers

Equinix reported 2018 annual revenues of $5.072 billion, an increase of 16% year-over-year; 9% growth on a normalized and constant currency basis. Net income amounted to $365 million, a 57% increase over the previous year.

Some highlights:
  • Achieved record global gross and net bookings in the 4th quarter
  • Equinix has 36 expansion projects underway and has entered Hamburg, Muscat and Seoul as new markets
  • Strong bookings across all three regions (Americas, EMEA and Asia-Pacific) in Q4 with record EMEA bookings, and the second-best booking performance to date in the Americas and Asia-Pacific regions. 
  • Equinix bookings this quarter spanned across more than 3,000 customers, with a quarter of those customers buying across multiple metros.
  • Enterprises continue to leverage Equinix's highly distributed and cloud-enabled global platform to locate their infrastructure closer to the interconnected digital edge. 
  • In Q4, 60% of total recurring revenues came from customers deployed across all three regions, and 86% of total recurring revenues came from customers deployed across multiple metros. 
  • Interconnection revenues continued to outpace colocation revenues in Q4, growing 10% year-over-year on an as-reported basis and 12% on a normalized and constant currency basis




http://investor.equinix.com

Thursday, February 7, 2019

Google picks Equinix for Curie Subsea Cable Landing Station

Google has selected an Equinix data center in El Segundo, California as the cable landing station (CLS) for the new Curie subsea cable system.  In the U.S., the cable will land directly at the Equinix LA4 International Business Exchange (IBX) data center.

The Curie cable is expected to go live in 2019.

Equinix said the CLS configuration is ideal for extending the backhaul capacity of a subsea cable system directly to the ecosystems of companies in its high-density IBX data centers. The architecture provides easy access to a dense, rich ecosystem of networks, clouds and IT service providers.

Equinix has been selected as an interconnection partner in more than 25 of the current subsea cable projects.

"With the significant increase in global data traffic, we see corporations running global businesses demanding access to high-capacity, low-latency networks capable of connecting them to data centers across oceans with stringent levels of reliability. Any user of a subsea cable system that lands inside one of our Equinix global data center termination points has instant, low-latency access to a host of vibrant industry ecosystems inside Equinix, and that's a huge advantage," stated Jim Poole, Vice President, Business Development, Equinix.


Google commissions own subsea cable from CA to Chile

TE Subcom has been awarded a contract by Alphabet, the parent company of Google, to build a subsea cable from California to Chile. A ready-for-service date is expected in 2019.

The Curie Submarine Cable will be a four fiber-pair subsea system spanning over 10,000 km from Los Angeles to Valparaiso. It will include a branching unit for future connectivity to Panama.

The project is believed to be the first subsea cable to land in Chile in 20 years.

“We’re proud to provide comprehensive services to Google on this project. Leveraging existing TE SubCom infrastructure through our SubCom Global Services (SGS) options put us in position to be a true partner to them. Our role in the continued growth of global connectivity and information sharing is a point of substantial pride for the TE SubCom team,” said Sanjay Chowbey, president of TE SubCom.

Wednesday, January 16, 2019

Equinix to open data center in Seoul

Equinix opened a new International Business Exchange data center in Seoul.

The carrier-neutral data center, called SL1, will provide more than 18,000 square feet (approximately 1,680 square meters) of colocation space, offering an initial capacity of 550 cabinets in the first phase, and is scheduled to open in Q3 2019. The facility is located at Sangam, known as Digital Media City, near Seoul's central business district.

Equinix notes that it has invested more than $800 million over the past three years to organically build and expand its presence in the Asia-Pacific region. Equinix now has 200 IBX data centers across 52 markets and 24 countries, providing data center and interconnection services for more than 9,800 businesses. Equinix currently has 40 IBX data centers across 12 markets in Asia-Pacific.

Monday, January 7, 2019

Equinix to build 4th data center in Singapore

Equinix will invest US$85 million to build its fourth International Business Exchange (IBX) data center in Singapore, called SG4. The new seven-story data center is scheduled to open in Q4 2019, offering an initial capacity of more than 45,400 square feet (approximately 4,220 square meters) of colocation space and 1,400 cabinets in the first phase.

Equinix said the facility will accommodate more than 4,000 cabinets at full build out, with a total colocation space of more than 132,180 square feet (approximately 12,280 square meters). The new SG4 will be strategically situated at the East of Singapore in one of the country's five data center clusters — Tai Seng Industrial Estate — providing location diversity from the three existing Equinix IBX data centers in Singapore.

SG4 will also provide software-defined interconnection through Equinix Cloud Exchange Fabric (ECX Fabric) to more than 1,300 businesses including some of the largest cloud service providers (CSP) among them Alibaba Cloud, Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure, Oracle Cloud and Tencent Cloud.

Currently, the three Equinix IBX data centers in Singapore comprise more than 445,000 square feet (41,400 square meters) of colocation space. In Q3 2018, Equinix announced the completion of an expansion of the SG3 IBX data center in Singapore that nearly doubled the size of the facility.

Thursday, December 6, 2018

MEF18 PoC - MEF 3.0 Service Spanning Four Operators



MEF18 Proof of Concept, 29 - 31 Oct - Fulfillment and Activation of an Intercontinental MEF 3.0 Service Spanning Four Operators.

PoC Participants: Tata Communications, Sparkle, Equinix, Liquid Telecom, ECI, Amartus, and Spirent.

This PoC won the MEF 3.0 Implementation Project 2018 Award in 2018.

Speaker: Vova Kamenker, Technical Presales Engineer, ECI.

The main goal of this PoC is to demonstrate the automated & assured orchestration of MEF services across multiple operators’ domains on production networks. The PoC demonstrates the ordering and fulfillment of a complex service comprising connectivity services and VNFs. The showcase demonstrates the feasibility of using NFV-based Service Activation and Testing solutions for MEF 3.0 Carrier Ethernet services via LSO Presto APIs.

As part of this PoC, several LSO:SOF implementations are used (e.g. ONAP, proprietary) in a single MEF 3.0 Carrier Ethernet service deployment interacting via LSO Sonata and LSO Interlude APIs.

Use Case: A Tata Communications customer uses the Tata service portal to order a service to Tata cloud service. However, one of the customer’s sites is not located on a Tata network and hence this request is sent to Tata’s operator partners for serviceability checks.

This PoC is part of a multi-year MEF 3.0 Implementation project that provides feedback to the MEF technical committees on a range of aspects of LSO orchestration of complex services comprising connectivity and virtual entities (SDN + NFV) across multiple operator domains.

Save the date for MEF19, 18-22 November 2019, JW Marriott, LA LIVE, Los Angeles.

https://youtu.be/J7iyUNC-C4M

Wednesday, December 5, 2018

MEF18 PoC - Multi-Domain Interconnection Orchestration - AT&T, Equinix, Ciena



MEF18 Proof of Concept, 29 - 31 Oct - Multi-Domain, Application-Defined Interconnection Orchestration. PoC Participants: AT&T, Equinix, and Ciena. This group won the prestigious MEF18 PoC Gold Award.

Speakers: Marco Naveda, Principal Architect, Office of the CTO, Ciena and Oleg Berzin, Senior Director, Technology Innovation, Equinix.

Software Defined Interconnection Exchanges enable public/private peering using secure interconnection across a multi-domain global virtual fabric and federated orchestration using open LSO APIs. This can enable @scale deployment of massive IoT with edge clouds, network clouds, and public clouds per application slice. Secure IoT services are also possible with machine inference engines at the enterprise edge. A broad ecosystem of enterprises, edge cloud providers, network cloud providers, and public cloud providers can leverage and benefit from this global virtual fabric.

In this PoC, the Ciena Blue Planet mulit-domain orchestrator is unifying the enterprise customer experience across the micro edge, the macro edge, and hyper-scale cloud.  The PoC illustrates interworking between the Blue Planet orchestrator and the open source ONAP orchestrator supported by AT&T and others collaborating within The Linux Foundation. The PoC incorporates LSO Interlude and LSO Legato interfaces for service orchestration.

Save the date for MEF19, 18-22 November 2019, JW Marriott, LA LIVE, Los Angeles.

https://youtu.be/QambDqqnEbA

Monday, November 19, 2018

Equinix plans new data center at its London Slough campus

Equinix will build a new International Business Exchange (IBX) data center at its London Slough campus.

The LD7 data center will cost approximately $120M (£90M) and scheduled to open Q2 2019. The facility will be built to LEED gold certified standards. This will bring the company's UK portfolio to 12 IBXs.

Equinix said it remains confident in the future of London as Europe's major financial hub and one of the world's greatest commercial cities, regardless of the outcome of the ongoing negotiations around the UK's departure from the European Union. The new $120M (£90M GBP) data center forms part of a total $387M (£295M GBP) investment in the UK's digital economy from Equinix throughout 2018/19.

Russell Poole, managing director UK, Equinix, states: "London is one of the most important connection points in the world and we expect this growth to continue as the city continues to play a crucial role in powering the global digital economy. LD7 will be one of the most technologically advanced colocation data centers in the world and will be a major addition to our thriving London Slough campus. This latest data center will also act as a sustainability benchmark for future data centers – something we are very passionate about."

http://www.equinix.com/

Thursday, November 1, 2018

Equinix sees interconnection revenue growth outpacing colocation growth

Equinix reported that interconnection revenues growth continued to outpace colocation revenue growth in Q3, reflecting what it calls a movement towards "Interconnection Oriented Architecture" strategies and the adoption of hybrid multicloud as the preferred IT deployment model. Interconnection revenues grew 2.5% over Q2, while colocation revenues grew 1.8%.  On an annual basis, Equinix's interconnection revenue grew 12.8%, while colocation revenue grew 10.3%.

Cross connects between customers increased to more than 294,000, and the Equinix Cloud Exchange Fabric platform now serves more than 1,300 customers.

In Q3, Equinix completed nine expansion projects in eight markets including Culpeper, Frankfurt, Houston, Melbourne, Miami, Rio de Janeiro, Singapore and two in São Paulo. The company has 30 expansion projects currently underway across 21 markets in all three regions, including seven newly announced expansions in Frankfurt, Helsinki, London, Madrid, Osaka, Seattle and Warsaw.

In Q3, more than 59% of revenues came from customers deployed across all three regions, and 85% came from customers deployed across multiple metros.

Overall for Q3, Equinix reported revenue of $1.284 billion, a 2% increase over the previous quarter. Net income amounted to $125 million, an 85% increase over the previous quarter, including $9 million of integration costs for acquisitions.

Charles Meyers, who was appointed CEO of Equinix in September, stated "I am extremely proud of our track record of success in my eight years as a member of the leadership team, and that track record continues this quarter with our 63rd quarter of consecutive revenue growth. Since 2010, we have more than quadrupled the size of our business, and we have invested $22 billion in capital to build the world's leading interconnection platform, positioning us as the trusted center of a cloud-first world. As CEO I will build on this strong foundation, and we will remain focused on extending our core sources of differentiation: superior global reach; market-leading network and cloud density; the industry's most comprehensive interconnection portfolio; scaled digital ecosystems; and an unwavering commitment to service excellence."

Tuesday, September 18, 2018

Equinix: Interconnection bandwidth growth

Equinix is projecting that interconnection bandwidth will grow to 8,200+ Terabits per second (Tbps) of capacity by 2021, or the equivalent of 33 Zettabytes (ZB) of data exchange per year.

Equinix's newly issued Global Interconnection Index (GXI) forecasts a significant five-year compound annual growth rate (CAGR) of 48%, almost double the expected 26% CAGR of global IP Traffic as cited in Cisco's VNI report. The forecast also represents a dramatic increase over the previous year's projection.

Interconnection bandwidth is defined in this study as direct and private traffic exchange between key business partners.

"Significant macro, technology and regulatory trends are converging to form an unprecedented era of complexity and risk and forcing the integration of physical and digital worlds," said Sara Baack, Chief Marketing Officer for Equinix, Inc. "The second volume of the Global Interconnection Index has found that companies are solving their increasing digital requirements by directly connecting to key business partners through Interconnection, as traditional forms of connectivity do not meet the demanding requirements of today's businesses."



Some highlights

  • The United States is expected to see compound growth of 45% per annum, contributing more than 40% of Interconnection Bandwidth globally.
  • A growing number of regulations requiring data compliance is serving as a catalyst of growth for Europe, which is predicted to grow 48% per annum, contributing to 23% of Interconnection Bandwidth globally.
  • Asia-Pacific is anticipated to grow 51% per annum, contributing more than 27% of Interconnection Bandwidth globally.
  • Telecommunications will remain the largest industry user of interconnection bandwidth in 2021, representing 24% of the market.
  • Enterprises interconnecting to network providers will represent the largest volume (66%) of total interconnection bandwidth.
  • Emerging market dynamics and growing digital business adoption positions Latin America for expected 59% per annum growth, contributing more than 9% of Interconnection Bandwidth globally.
  • Enterprises interconnecting to cloud & IT services will represent the fastest growth (98%) in interconnection bandwidth.
  • The industries with the fastest Compound Annual Growth Rate (CAGR) of interconnection Bandwidth Consumption include: Energy & Utility (73% CAGR), Healthcare & Life Sciences (70% CAGR) and Wholesale & Retail Trade (67% CAGR).

https://www.equinix.com/global-interconnection-index-gxi-report/


Wednesday, September 12, 2018

Equinix appoints Charles Meyers as next CEO

Equinix has appointed Charles Meyers to the position of President and Chief Executive Officer, effective immediately, replacing Peter Van Camp, who has served as interim CEO since January 2018.  Van Camp will resume his role as Executive Chairman of the Equinix Board of Directors. Meyers will also join Equinix's Board of Directors.

Meyers joined Equinix in 2010 as President, Americas, the company's largest operating region. In 2013, he was appointed Chief Operating Officer at Equinix. For the past year, he has served as President of Strategy, Services and Innovation (SSI), where he oversaw product organization and led the technology, strategy and business development teams driving the company's next phase of growth and focusing on the future needs of customers and partners.

Wednesday, August 8, 2018

Equinix now has an 82% utilization rate across its global data centers

Equinix reported quarterly revenue of $1.262 billion, up 18% year-over-year or up 9% yoy on a normalized and constant currency basis. Net income amounted to $68 million and adjusted EBITDA was $604 million, with a 48% adjusted EBITDA margin.

Peter Van Camp, Executive Chairman and Interim CEO and President, Equinix: “Equinix delivered another strong quarter with record bookings across all three regions and virtually all key operating metrics showing solid momentum in our go-to-market engine and interconnection strategy. Our unique global platform of 200 data centers, and the customer ecosystems within them, remain at the heart of our strategy, as evidenced by strong cross-regional sales and healthy interconnection activity in Q2."

Some highlights for the quarter:

  • Interconnection revenue continued to outpace colocation revenue, reflecting the rapid adoption of hybrid, multicloud as the preferred IT deployment model
  • Cross connects between customers increased to more than 288,000
  • The Equinix Cloud Exchange Fabric platform now serves more than 1,200 customers. 
  • Completed expansions in the Amsterdam, Denver and London metros
  • Achieved a utilization rate of 82% across the platform
  • There is an active pipeline of 32 expansion projects currently underway, including a partnership with Omantel
  • Key customer wins and expansions included China Mobile, Lithia Motors and Tencent
  • Customer deployments across multiple metros increased to 85% of total recurring revenue.

Wednesday, July 11, 2018

Equinix to build data center in Oman

Equinix and Oman Telecommunications Company (Omantel) announced a joint venture to deliver data center and interconnection services to customers in the Middle East through the development of a new network-dense data center that will be located in Barka, near Muscat, the capital of Oman. Equinix and Omantel will both fund equity contributions in an amount of US$10 million for the joint venture representing a 50% shareholding each, and additional funds will be raised through debt financing assumed by the joint venture company.

Equinix said its planned IBX data center in Oman will benefit from connectivity to strategic cable landing stations (CLS) and subsea cable systems that terminate directly inside the facility.

Equinix will operate the new IBX data center, which will include 18,600 square feet of colocation space and approximately 750 cabinets at full build. The first phase of the three-phase build will include 250 cabinets and is expected to be completed and open for business by Q2 2019.

Sunday, June 17, 2018

Equinix to host Vocus Australia Singapore Cable POP in its data centers

The new subsea cable system offers additional points of presence to address rising interconnection demand between Australia and Southeast Asia

Equinix will host the Vocus-owned Australia Singapore Cable (ASC) in its International Business ExchangeTM (IBX) data centers in Singapore and across six metros in Australia, including the Cable Landing Station (CLS) in Perth and points of presence (PoP) in Sydney and Melbourne already announced.

The ASC is a 4,600-kilometer subsea cable that will connect Singapore and Australia and is expected to be completed and operational by Q1 FY19. The new pathway from Western Australia to Southeast Asia, and additional capacity, will also serve to boost the strength of Australia's internet landscape.
The Equinix points of presence will provide the ASC cable will onward connecting to more than 155 networks across the region.

Equinix noted that it is currently engaged with multiple submarine cable projects, including: SSCN (California - Sydney); AEConnect-1 (New York - London); Hibernia Express (New York - London); C-Lion1 (Germany - Finland); Trident (Australia - Indonesia - Singapore); Globenet (Florida - Brazil); Asia Pacific Gateway (China - Hong Kong - Japan - South Korea - Malaysia - Taiwan - Thailand - Vietnam - Singapore); Hawaiki Cable (U.S. – Australia – New Zealand); Gulf Bridge International Cable System (Middle East - Europe); FASTER (U.S. West Coast - Japan); Seabras-1 (New York - Sao Paulo); Monet (Florida - Brazil), Eastern Light (Nordic region), MAREA (U.S. East Coast – Spain), BRUSA (U.S. East Coast – Brazil) and ASC (Australia – Singapore).

"We are delighted that Equinix is expanding the reach and availability of the ASC cable by connecting it directly into nine of their sites across Australia and Singapore.  The Vocus terrestrial network has vast reach throughout Australia, New Zealand and now into Asia.  Combining the extensive interconnection ecosystems in Equinix, with the far-reaching Vocus network, we will provide customers with easy and low-cost access to all of their partners from Singapore to major metropolitan cities in Australia," stated Michael Simmons, Interim CEO of Vocus.

Wednesday, May 9, 2018

Equinix and Telxius collaborate on cable landing station architecture

Equinix and Telxius, Telefónica's infrastructure subsidiary, are collaborating on U.S. facilities and services for the next-generation cable landing station architecture for the MAREA and BRUSA cable systems, both of which terminate at a cable landing station in Virginia Beach, Virginia.

The next-generation cable landing station architecture will extend the backhaul capacity into Equinix DC2 International Business Exchange (IBX) data center, simplifying network design and providing access to a dense, rich ecosystem of networks, clouds and IT service providers. Equinix customers will have direct access to the MAREA and BRUSA cable systems via a simple cross connect from any IBX data center.

The 6,600 km MAREA subsea cable, which was jointly funded by Microsoft and Facebook, is the highest capacity subsea cable system built across the Atlantic, consisting of eight fiber pairs with an initial estimated design capacity of 160 Tbps. Telxius is responsible for the operation of the cable and leverages its IP, capacity, colocation and security services through it.

Telxius is also building BRUSA, a new subsea cable spanning 10,900 km linking Rio de Janeiro and Fortaleza, Brazil, with San Juan, Puerto Rico, and Virginia Beach, VA. BRUSA, which is slated for completion by mid-2018, also features eight fiber pairs. 

Telxius has points of presence (PoPs) in more than 20 Equinix IBX data centers around the globe to support the Telxius network, including DC2 and DC6; MI1 and MI2; SP1, SP2, SP3 and SP4; RJ1 and RJ2 at which the MAREA and BRUSA cable systems terminate.

"We're partnering on new cable landing station projects that give our customers improved access to the expanding global subsea cable network. With this next-generation cable landing station design, the cables extend directly to an Equinix IBX data center. That means any user of a subsea cable system that lands inside one of our Equinix global data center termination points has instant, low-latency access to a host of vibrant industry ecosystems inside Equinix, and that's a huge advantage," stated Jim Poole, Vice President, Business Development, Equinix.

"This new cable landing station design effectively connects the data center and submarine communications worlds and opens the door to faster growth in bandwidth rates for our customers. This cutting-edge architecture leverages the ultra-high capacity of BRUSA and MAREA, two of the highest capacity cables ever built. It has been developed to fully address the needs of our customers in terms of both capacity and efficiency," stated Rafael Arranz, Chief Operations Officer, Telxius Cable Business

Telefónica's Telxius infrastructure arm expands its global reach


Telxius, Telefónica's infrastructure arm, was established in February 2016. It owns and operates a portfolio comprising nearly 16,300 telecom towers in five countries and manages an international network with around 65,000 km of submarine optical cable, including around 31,000 km owned by Telxius. The Telxius-owned network includes SAM-1 linking the U.S., Central and South America, PCCS (Pacific Caribbean Cable System) and Unisur, which connects...


Wednesday, May 2, 2018

Equinix revenues up 28% yoy

Equinix's quarterly revenues increased 28% year-over-year to $1.216 billion; a 10% year-over-year increase on a normalized and constant currency basis.

Peter Van Camp, Executive Chairman and Interim CEO and President, Equinix, stated: "As Equinix approaches its 20th anniversary, we are excited to post our 61st quarter of consecutive revenue growth, which is reflective of the critical role we serve in helping businesses interconnect their IT infrastructure to succeed in the digital economy. Equinix currently serves nearly half of the Fortune 500 and our recent acquisitions, combined with our currently announced organic expansions, have positioned Equinix to capture an even greater share of the market opportunity."

Wednesday, April 18, 2018

Equinix acquires Metronode data centers in Australia

Equinix completed its previously announced acquisition of Metronode, an Australian data center operator, for A$1.035 billion (US$792 million) in cash.  Metronode was owned by the Ontario Teachers’ Pension Plan since December 2016.

Metronode operates two data centers in Melbourne, three in greater Sydney (including one in Illawarra), two in Perth, and one in each of Canberra, Adelaide and Brisbane. The acquired Metronode sites add approximately 20,000 square meters of gross colocation space to the Equinix footprint. Metronode also brings more than 80,000 square meters of land, 90 percent of which is owned.

In Melbourne and in Sydney, the Metronode data centers will provide a diverse, second campus for Equinix's existing properties. Both of these Metronode campuses are described as "hyperscale ready".

In Perth, Metronode's data center will house the landing station for the new Vocus Australia Singapore Cable. Equinix's existing data center in Sydney also houses the landing station for subsea cables.

Metronode generated approximately A$60 million, or approximately US$46 million, of revenues in the 12 months ending September 30, 2017, with a margin profile accretive to the Equinix Asia-Pacific business.

The Equinix footprint in the Asia-Pacific region now includes 40 data centers and extends the company's global footprint to 200 data centers across 52 markets.

Wednesday, March 7, 2018

Dropbox expands global private network, taps Equinix Cloud Exchange

Dropbox is expanding its global private network by offering its global collaboration platform on the Equinix Cloud Exchange Fabric.

Dropbox is also launching six new points of presence across North America and Europe that will improve performance and reliability for users globally.

The new PoPs will include Atlanta, Denver, Berlin, Toronto, Stockholm, and Oslo.By the end of the year, the company plans to have an infrastructure footprint that spans 29 facilities in 12 countries on four continents including North America, Europe, Asia and Australia.

“By rolling out network infrastructure across the globe over the last two years, we’ve improved performance and reliability for all of our users by allowing them to get more direct access to our data centers,” said Akhil Gupta, Vice President of Infrastructure, Dropbox. “The enhancements that we’re announcing today will extend these benefits to even more users around the world.”


Wednesday, February 14, 2018

Equinix to acquire iconic Infomart Dallas colo data center for $800m

Equinix has agreed to acquire the Infomart Dallas data center, including its operations and tenants, from ASB Real Estate Investments for $800 million.

The iconic Infomart building, which is located at 1950 N. Stemmons Freeway in Dallas, is one of the largest interconnection hubs in the U.S. and one of the largest buildings in Texas at 1.6 million square feet (147,094.2 m2) over 7 floors.Infomart is currently home to four of eight Equinix Dallas International Business Exchange (IBX) data centers (DA1, DA2, DA3 and DA6), which combined, support approximately 3,500 built out cabinets.

Equinix said the transaction increases the number of its owned assets by four, increasing recurring revenue from owned assets to more than 45 percent. The facility offers multiple, diverse fiber entry points, and provides significant expansion opportunities to Equinix through the existing underdeveloped capacity (approximately 11MW of power), as well as the potential to develop additional capacity (approximately 40MW of power) on land adjacent to the Infomart building. It currently has approximately 45 tenants, including networks, colocation providers, office tenants and Equinix. Today, Equinix is the largest tenant accounting for approximately 40 percent of the lease revenues from the facilities




Equinix hits 2017 sales grow rate of 21%

Equinix reported Q4 2017 revenue of $1.200 billion, up 27% over the same period last year. Full-year 2017 revenues amounted to $4.368 billion, a 21% increase over the previous year, including $359 million of revenues from the acquisition of 29 Verizon data centers. Net income for the full year was $233 million.

"In addition to strong financial performance, Equinix achieved a number of significant milestones around interconnection, innovation and acquisitions in 2017 that add even more value to our role as a strategic partner to companies in the execution of their digital business strategies. As we approach our 20th anniversary and reflect on what we've built, we believe our platform will become even more important for our customers in the years to come. We have a clear vision of our strategy and the opportunities ahead, and we are looking forward to another successful year," stated Peter Van Camp, Executive Chairman and Interim CEO and President, Equinix.

In its quarterly update, Equinix also announced new expansions in the Culpeper, Houston, London, Paris, São Paulo, Silicon Valley, Sofia and Washington, D.C. metros totaling more than $500 million of capital expenditures.

Some additional highlights:


  • 2017 CAPEX was $1.379 billion, up 21% yoy
  • Total crossconnects at the end of Q4 were 277,800, up 21% yoy





Friday, January 26, 2018

Equinix's CEO Steve Smith resigns due to poor judgement with employee

Steve Smith has resigned as CEO of Equinix. The company cited "poor judgment with respect to an employee matter."

Peter Van Camp, who is executive chairman of the Equinix Board of Directors and who served as CEO of Equinix for seven years (2000 to 2007), will take up the post as interim CEO until a replacement is found.

"The Board gave this matter the deepest consideration and recognizes the many contributions Steve made over the past eleven years to achieve the global scale, reach and market leadership the company enjoys today. He has worked hard to grow and sustain the business, and we greatly appreciate his efforts," said Van Camp. "I also want to emphasize that this action was not related to the company's operational performance or financial condition, both of which remain strong. The Board and leadership team remain fully committed to the strategy."

See also