Equinix posts 10 percent rise in revenue in promising quarterly results
US data centre provider Equinix has reported a 10 percent increase in revenues from the same quarter last year, helped by strong growth in snapping up cloud customers.
Revenues were $665.6 million (£426m) for the second quarter, up 3 percent from Q1. Recurring revenues, which are made up of Equinix’s colocation, interconnection and managed services businesses were $626.7 million (£400m) for the second quarter, a 3 percent increase over the previous quarter and a 9 percent increase over the same quarter last year.
The results highlight the growing demand from customers looking to use the cloud to power their companies.
It was May when Equinix moved to purchase its main European data centre rival Telecity for £2.35 billion. The deal will push Equinix to become the largest data centre space provider in Europe, shunning Interxion, which had hoped to make its own acquisition of London-based Telecity.
An analyst from 451 Research told TechWeekEurope that the deal “would be felt across Europe”, as Equinix becomes the leader in the multi-tenant data centre market in Europe.