Equinix Q1 2021 Earnings Report
Key Takeaways
Equinix reported strong Q1 2021 results, with revenues increasing by 10% year-over-year to $1.596 billion and net income attributable to Equinix increasing by 207% over the previous quarter to $156 million. The company also became the market leader in retail colocation in all three regions of the world and delivered one of the strongest net bookings quarters in the company's history.
Quarterly revenues increased 10% over the same quarter last year to $1.596 billion.
Became the market leader in retail colocation in all three regions of the world, taking the number-one spot in Asia-Pacific for the first time.
Operating Income $298 million, a 30% increase over the previous quarter.
AFFO and AFFO per Share $627 million, a 21% increase over the previous quarter $6.98 per share, a 21% increase over the previous quarter.
Equinix
Equinix
Equinix Revenue by Geographic Location
Forward Guidance
Equinix widened its quarterly revenue guidance range to take into account certain large, anticipated non-recurring revenues. For the full year of 2021, total revenues are expected to range between $6.559 and $6.619 billion, a 9 - 10% increase over the previous year, or a normalized and constant currency increase of 7 - 8%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income