Welcome to our dedicated page for Equinix news (Ticker: EQIX), a resource for investors and traders seeking the latest updates and insights on Equinix stock.
Equinix Inc (EQIX) operates the world's largest network of interconnected data centers, powering digital transformation for enterprises globally. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives, financial performance, and technological innovations.
Access official press releases covering key developments including data center expansions, cloud partnership announcements, and interconnection platform enhancements. Our curated collection serves as a centralized resource for tracking Equinix's role in enabling secure hybrid cloud deployments and hyperscale infrastructure solutions.
Discover updates on Equinix's unique REIT structure, sustainability initiatives, and global market positioning across 25+ strategic metros. Content spans operational milestones, leadership changes, and industry recognition relevant to understanding the company's growth trajectory.
Bookmark this page for direct access to unfiltered financial disclosures and technical updates from the leader in digital infrastructure services. Check regularly for new developments shaping the future of enterprise interconnection ecosystems.
Equinix reported Q2 2020 revenues of $1.470 billion, a 6% increase year-over-year and the 70th consecutive quarter of revenue growth. The company experienced significant interconnection growth, with 88% of total recurring revenues from customer deployments across multiple metros. Operating income rose 11% to $282 million, with an operating margin of 19%. Adjusted EBITDA was $720 million, a 49% margin. The company reaffirmed 2020 revenue guidance of $5.919 - $5.989 billion, reflecting a 6-8% increase over 2019.
Equinix (Nasdaq: EQIX) announced the development of a new data center, ML5, in Milan, expected to open in Q1 2021. This facility will enhance the company's presence in Italy, offering advanced interconnection services, including ECX Fabric and Internet Exchange capabilities. Utilizing modular construction for efficiency, the first phase will cost $51 million, providing 500 cabinet equivalents and 15,000 square feet of colocation space. ML5 will operate sustainably, using 100% renewable energy and aiming for LEED Gold certification, ultimately expanding Equinix's connectivity and support for Italian businesses' digital transformation.
On July 7, 2020, Equinix (Nasdaq: EQIX) announced its partnership with Alibaba Cloud to enhance cloud connectivity across 17 global metros, including major cities in the US, Dubai, and Tokyo. This collaboration provides customers secure access to Alibaba Cloud's IaaS services, which hold a 9.1% market share worldwide. The integration of Alibaba Cloud's API with Equinix Cloud Exchange Fabric allows enterprises to create private connections swiftly, promoting digital transformation and hybrid multicloud solutions. IaaS market is projected to hit $62 billion in 2021, growing at a CAGR of 24% through 2024.
Equinix (Nasdaq: EQIX) announced the opening of a new $142 million International Business Exchange™ (IBX) data center in Dallas, alongside a 5G and Edge Proof of Concept Center (POCC). This expansion aims to address rising demand for digital infrastructure and hybrid multicloud architectures, allowing businesses to interconnect within Equinix's ecosystem, which includes nearly 10,000 customers. The new facility will provide up to 3,850 cabinets and 144,000 square feet of colocation space in the growing Dallas market, recognized as a major communications hub.
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