The company reported strong Q2 results with 7% revenue growth and raised its full-year guidance.
It is expanding globally to meet surging demand for digital infrastructure and AI-related services.
Equinix,
Inc. (Nasdaq: EQIX) reported robust second-quarter results on Wednesday,
marking another consecutive quarter of revenue growth as demand for digital
infrastructure and AI-related services continues to surge.
Equinix Rides AI Wave to
Record-Breaking Quarter
The global
data center operator saw revenues climb 7% year-over-year (YoY) to $2.16
billion, slightly exceeding analyst expectations. Net income jumped 45% to $301
million, while adjusted EBITDA surpassed $1 billion for the first time,
reaching $1.036 billion.
Equinix
plays a significant role in the FX/CFDs trading industry, primarily through its
provision of critical infrastructure and connectivity services.
"Our
strong performance reinforces our belief that we are uniquely positioned to
support our customers and partners in their business transformation agendas,” Equinix
CEO Adaire Fox-Martin stated, highlighting the company's record gross bookings
for the quarter. Fox-Martin's appointment as president was announced in March when the current CEO, Charles Meyers, transitioned to the role of Executive Chairman.
The
company's interconnection business also showed strong growth, with revenues up
8% YoY and the addition of 3,900 new interconnections in Q2. Equinix now hosts
over 472,000 interconnections on its global platform.
Looking
ahead, Equinix raised its full-year 2024 guidance. The company now expects
revenues between $8.692 billion and $8.772 billion, representing 6-7% growth
over 2023. Adjusted EBITDA is projected to range from $4.066 billion to $4.126
billion, with an AFFO per share forecast of $34.67 to $35.30.
A few months back, Equinix announced the appointment of Merrie Williamson as the Chief Customer and Revenue Officer (CCRO). Williamson, who brings extensive experience from her tenure at major tech firms such as Microsoft and Intel, is well-versed in revenue enhancement strategies. Her leadership role at these companies, spanning more than twenty years, equipped her with a deep understanding of the tech industry, which she now brings to her new position at Equinix.
The AI Push
The company
is aggressively expanding its global footprint to meet growing AI demand, with
54 major projects currently underway across 36 markets in 24 countries. This
includes 15 xScale projects aimed at hyperscale customers, which are seeing
increased interest due to AI and cloud initiatives.
“As a key
enabler of AI and cloud innovations on a global scale, we are excited about the
opportunities that lie ahead.”
Equinix
recently announced plans to enter the Philippines market through a $180 million
acquisition of three data centers, furthering its push into the fast-growing
Southeast Asian region. The deal is expected to close in Q4 2024.
The
company's xScale portfolio, which caters to hyperscale infrastructure needs, is
experiencing substantial demand growth. Equinix leased an additional 17
megawatts of capacity in Silicon Valley and Paris since its last earnings call,
bringing total xScale leasing to 365 megawatts globally.
In a move
to capture larger AI and hyperscale workloads in the US, Equinix acquired a
200-acre land parcel in Atlanta for its first multi-hundred-megawatt xScale
campus in the area.
Equinix,
Inc. (Nasdaq: EQIX) reported robust second-quarter results on Wednesday,
marking another consecutive quarter of revenue growth as demand for digital
infrastructure and AI-related services continues to surge.
Equinix Rides AI Wave to
Record-Breaking Quarter
The global
data center operator saw revenues climb 7% year-over-year (YoY) to $2.16
billion, slightly exceeding analyst expectations. Net income jumped 45% to $301
million, while adjusted EBITDA surpassed $1 billion for the first time,
reaching $1.036 billion.
Equinix
plays a significant role in the FX/CFDs trading industry, primarily through its
provision of critical infrastructure and connectivity services.
"Our
strong performance reinforces our belief that we are uniquely positioned to
support our customers and partners in their business transformation agendas,” Equinix
CEO Adaire Fox-Martin stated, highlighting the company's record gross bookings
for the quarter. Fox-Martin's appointment as president was announced in March when the current CEO, Charles Meyers, transitioned to the role of Executive Chairman.
The
company's interconnection business also showed strong growth, with revenues up
8% YoY and the addition of 3,900 new interconnections in Q2. Equinix now hosts
over 472,000 interconnections on its global platform.
Looking
ahead, Equinix raised its full-year 2024 guidance. The company now expects
revenues between $8.692 billion and $8.772 billion, representing 6-7% growth
over 2023. Adjusted EBITDA is projected to range from $4.066 billion to $4.126
billion, with an AFFO per share forecast of $34.67 to $35.30.
A few months back, Equinix announced the appointment of Merrie Williamson as the Chief Customer and Revenue Officer (CCRO). Williamson, who brings extensive experience from her tenure at major tech firms such as Microsoft and Intel, is well-versed in revenue enhancement strategies. Her leadership role at these companies, spanning more than twenty years, equipped her with a deep understanding of the tech industry, which she now brings to her new position at Equinix.
The AI Push
The company
is aggressively expanding its global footprint to meet growing AI demand, with
54 major projects currently underway across 36 markets in 24 countries. This
includes 15 xScale projects aimed at hyperscale customers, which are seeing
increased interest due to AI and cloud initiatives.
“As a key
enabler of AI and cloud innovations on a global scale, we are excited about the
opportunities that lie ahead.”
Equinix
recently announced plans to enter the Philippines market through a $180 million
acquisition of three data centers, furthering its push into the fast-growing
Southeast Asian region. The deal is expected to close in Q4 2024.
The
company's xScale portfolio, which caters to hyperscale infrastructure needs, is
experiencing substantial demand growth. Equinix leased an additional 17
megawatts of capacity in Silicon Valley and Paris since its last earnings call,
bringing total xScale leasing to 365 megawatts globally.
In a move
to capture larger AI and hyperscale workloads in the US, Equinix acquired a
200-acre land parcel in Atlanta for its first multi-hundred-megawatt xScale
campus in the area.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Wall Street Gets 24/7 Access to European Markets as Eurex Welcomes US Brokers
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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