View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
April 30, 2015

Equinix posts positive Q1 gains

Colo provider Q1 up 11% compared to last year.

By

Equinix‘s Q1 results topped $643.2 million, a 1% increase over the previous quarter and an 11% increase over the same period last year.

The company said colocation, interconnection and managed services were responsible for $609.7 million of revenues, while non-recurring revenues topped $33.5 million in Q1.

Equinix added that net income was $76.5 million for the first quarter, representing $1.35 per share attributable to the company based on a weighted average share count of $56.7 million.

The report showed income from operations rose 18% compared to the last quarter to $151.4 million, a 25% increase over 2014’s Q1.

Cost of revenues decreased 5% to $298.3 million compared to the previous quarter.

Steve Smith, CEO of Equinix, said: "This is our first quarter both operating and reporting as a REIT and we believe the fundamentals of our business are attractive both to our traditional investor base and the REIT investor community, including our global portfolio of assets, the attractive asset growth and our long history of success with our new development."

As of March 31, 2015, the company’s cash, cash equivalents and investments were $1,069.7 million, as compared to $1,140.8 million on December 31, 2014.

Content from our partners
The growing cybersecurity threats facing retailers
Cloud-based solutions will be key to rebuilding supply chains after global stress and disruption
How to integrate security into IT operations

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU