Equinix Q2 2020 Earnings Report
Key Takeaways
Equinix reported Q2 2020 results with a 6% increase in revenues compared to the same quarter last year, reaching $1.470 billion. The company delivered strong interconnection growth and customer deployments across multiple metros, comprising 88% of total recurring revenues.
Revenues reached $1.470 billion, a 2% increase over the previous quarter.
Operating Income was $282 million, an 11% increase over the previous quarter.
Net Income attributable to Equinix was $133 million, or $1.52 per share.
AFFO reached $558 million, or $6.35 per share.
Equinix
Equinix
Equinix Revenue by Segment
Equinix Revenue by Geographic Location
Forward Guidance
For the third quarter of 2020, the Company expects revenues to range between $1.493 and $1.513 billion, an increase of 2 - 3% quarter-over-quarter, or a normalized and constant currency increase of approximately 1 - 3%. Adjusted EBITDA is expected to range between $696 and $716 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income