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Dec 31, 2019
Equinix Q4 2019 Earnings Report
Equinix reported strong Q4 2019 results, delivering revenue growth and strategic platform advancements.
Key Takeaways
Equinix reported a 10% increase in full year revenues, reaching $5.562 billion. The company continues to focus on evolving Platform Equinix, adding new capabilities and service offerings to meet the digital transformation needs of its customers.
Delivered 2019 annual revenues increase of 10% year-over-year to $5.562 billion.
Customer deployments across multiple metros increased to 87% of total recurring revenues, demonstrating the value of the Equinix global platform
Equinix signed a definitive agreement to acquire Packet, the leading bare metal automation platform
Equinix was named a leader in IDC's first-ever assessment of the colocation and interconnection services vendor market
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of 2020, Equinix expects revenues to range between $1.450 and $1.460 billion. For the full year of 2020, total revenues are expected to range between $6.000 and $6.050 billion.
Positive Outlook
- Revenues are expected to range between $1.450 and $1.460 billion for Q1 2020
- Q1 2020 revenue guidance includes a foreign currency benefit of $4 million when compared to the average FX rates in Q4 2019
- Q1 2020 revenue guidance includes $5 million in revenues from the Axtel acquisition
- Adjusted EBITDA is expected to range between $686 and $696 million for Q1 2020
- Total revenues are expected to range between $6.000 and $6.050 billion for FY 2020
Challenges Ahead
- Q1 2020 Adjusted EBITDA includes $4 million of integration costs related to acquisitions
- FY 2020 revenue guidance includes a negative foreign currency impact of $12 million when compared to the average FX rates in 2019
- FY 2020 revenue guidance includes $18 - $22 million in revenues from the Axtel acquisition
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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