Equinix ( (EQIX) ) has released its Q4 earnings. Here is a breakdown of the information Equinix presented to its investors.
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Equinix, Inc. is a global leader in digital infrastructure, enabling organizations to connect and scale their foundational infrastructure efficiently across the digital landscape. In its latest earnings report, Equinix announced a robust performance for the fourth quarter and full year of 2024, marked by record full-year bookings and $8.7 billion in revenue, setting the stage for future growth and margin expansion.
The company’s annual revenue increased by 7% on an as-reported basis or 8% on a normalized basis, while it enhanced shareholder value by significantly leveraging its operations. Equinix also raised its quarterly cash dividend by 10% to $4.69 per share, marking the tenth consecutive year of dividend increases. Despite a decrease in operating and net income due to non-recurring charges, Equinix achieved an 11% increase in Adjusted Funds From Operations (AFFO), reflecting the company’s strong underlying performance.
Key highlights include Equinix’s strategic positioning in the private AI infrastructure sector, with significant leasing activity in its xScale portfolio and the launch of a scalable private AI solution. The company also announced plans to expand its data center footprint, including a joint venture for xScale facilities and new projects across various regions to meet growing demand for AI and cloud workloads.
Looking ahead, Equinix’s management anticipates continued revenue and adjusted EBITDA growth in 2025, with revenue projected to increase by 3-4% on an as-reported basis and 7-8% on a normalized basis. The company remains committed to sustainability and innovation, aiming to further enhance its digital infrastructure offerings while maintaining financial stability.
Overall, Equinix’s strategic initiatives and strong financial performance underscore its leadership in the digital infrastructure space, positioning the company for sustained growth and shareholder value creation.
