Equinix Inc - EQIX STOCK NEWS

Equinix (Nasdaq: EQIX) and PGIM Real Estate have inaugurated the SY9x xScale data center in Sydney, marking their first joint venture project in Australia. This follows a US$575 million investment concluded in March 2022. Equinix's total xScale portfolio exceeds US$8 billion and will provide over 720 MW of power capacity at completion. The SY9x facility currently supports 14 MW and will expand to 28 MW. The cloud computing market in Australia is projected to grow by 12.5% to US$14.1 billion by 2025, driven by digital transformation initiatives.

Equinix (Nasdaq: EQIX) has appointed Fidelma Russo and Jeetu Patel to its Board of Directors as of June 9, 2022. This brings the total number of directors to 11. Russo, currently CTO at Hewlett Packard Enterprise, has over 30 years in technology, while Patel serves as EVP at Cisco, leading a multibillion-dollar portfolio. Both are expected to contribute significantly to Equinix's strategy, enhancing its digital infrastructure and customer solutions.

Equinix, the world's digital infrastructure company, announced participation in four investor conferences. Key presentations include:

• MoffettNathanson Media & Communications Summit on May 18 by Jon Lin at 1:00 p.m. ET.
• J.P. Morgan Technology, Media & Telecom Conference on May 23 by Charles Meyers at 10:40 a.m. ET.
• RBC Capital Markets Global Communications Infrastructure Conference on May 24 by Keith Taylor at 1:20 p.m. MT.
• NAREIT REITWeek Conference on June 7 by John Knuff at 10:15 a.m. ET.

Equinix, the global digital infrastructure leader, announced the acquisition of four data centers in Chile and an agreement for one in Peru from Entel, with a total enterprise value of approximately US$735 million. This expansion into Latin America enhances Equinix's market position as the largest digital infrastructure provider in the region, expected to boost annual revenue by US$55 million. The new centers will support increased demand for digital transformation, leverage sustainable energy sources, and integrate around 100 employees from Entel, signaling a strategic partnership to enhance hybrid multicloud solutions.

Zayo Group Holdings and Equinix successfully completed a 400 Gbps trial connecting data centers in London and Paris on Zayo's subsea fiber network. Marking a significant innovation, this collaboration aims to meet the rising demand for high-speed data transfer. The trial utilized a 500G optical channel to enhance monitoring and network visibility. Major benefits included reduced hardware needs and a 40% decrease in power consumption per gigabit, supporting sustainable practices. Zayo plans to deliver 400G wavelength services across key routes by the end of 2022.

Equinix, Inc. (Nasdaq: EQIX) has declared a quarterly cash dividend of $3.10 per share on its common stock. This dividend will be paid on June 15, 2022, to shareholders of record on May 18, 2022. This announcement underscores Equinix's commitment to delivering shareholder value and reflects its strong cash generation capabilities.

Equinix reported a 9% year-over-year revenue increase, reaching $1.7 billion for Q1 2022, marking its 77th consecutive quarter of growth. Key highlights include executing over 4,200 deals with 3,100 customers and a 7% rise in operating income to $267 million. The company is expanding globally with 43 ongoing projects in 20 countries. 2022 annual guidance projects revenues between $7.291-$7.341 billion, showcasing a 10-11% increase, despite foreign currency impacts. Adjusted EBITDA is anticipated at $3.344-$3.374 billion, indicating strong operating performance.

Equinix (Nasdaq: EQIX) has appointed Tara Risser as the new President of the Americas, effective immediately. Risser, a seven-year veteran of the company, succeeds Jon Lin, who has transitioned to EVP & GM of Data Center Services. Risser previously served as Senior VP of Global Customer Care and Experience, enhancing customer support during Equinix's significant growth. Her leadership is expected to drive strategic initiatives across the Americas, including expansions in Canada, Mexico, and plans for Chile. Risser aims to strengthen Equinix's market position in digital infrastructure.