Equinix Expands Capacity and Revenue
Equinix has purchased land in high-demand data center markets, including Amsterdam, London, Chicago, Toronto, and Johannesburg, to add 900 MW of data center capacity.
We were built for this moment, and I am confident we will continue to make the very most of this opportunity in regard to both long-term growth and long-term value creation for our shareholders.
According to Equinix CEO Adaire Fox-Martin, the company is on track to double its power capacity by 2029, with 3 GW currently under development. In the third quarter, Equinix revenue grew 5% year over year to $2.31 billion, with net income of $374 million.
- Revenue growth: 5% year over year
- Net income: $374 million
- Diluted earnings per share: $3.81
Author's summary: Equinix expands capacity and revenue growth.