Equinix, Inc. has announced its quarterly results for the period ending March 31, 2022, with revenues of $1.73 billion and funds from operations (FFO) of $7.16 per share, both missing analysts' estimates. Despite this, the company showed resilience with an 8.7% year-over-year increase in recurring revenues, totaling $1.64 billion, and declared a quarterly cash dividend of $3.10 per share. Equinix is also poised for growth with ongoing global expansion initiatives, including the recent acquisition of MainOne and plans to establish data centers in Chile, while Moody's has upgraded its credit rating to Baa2, reflecting underlying financial strength.
“Equinix · assumes · no obligation · true”
“Equinix · does not comment on financial guidance · during the quarter · true”
“Equinix · follows · Regulation Fair Disclosure · true”
“Equinix · has a policy · not to comment on financial guidance · true”
“Equinix, Inc. · declared · quarterly cash dividend · $3.10 per share”
“Equinix · is · the world's digital infrastructure company”
“Equinix · enables · businesses to access · the right places, partners, and possibilities”
“Equinix (EQIX) · came out with quarterly funds from operations (FFO) of · $7.16 per share · missing the Zacks Consensus Estimate of $7.19 per share”
“Equinix (EQIX) · quarterly report represents an FFO surprise of · -0.42%”
“Equinix (EQIX) · posted revenues of · $1.73 billion for the quarter ended March 2022 · missing the Zacks Consensus Estimate by 0.69%”
“Equinix · current consensus FFO estimate is · $7.18 on $1.79 billion in revenues for the coming quarter”
“Equinix · current consensus FFO estimate is · $29.09 on $7.23 billion in revenues for the current fiscal year”
