Equinix Inc - EQIX STOCK NEWS

Equinix, the world's digital infrastructure company, announced participation in four investor conferences. Key presentations include:

• MoffettNathanson Media & Communications Summit on May 18 by Jon Lin at 1:00 p.m. ET.
• J.P. Morgan Technology, Media & Telecom Conference on May 23 by Charles Meyers at 10:40 a.m. ET.
• RBC Capital Markets Global Communications Infrastructure Conference on May 24 by Keith Taylor at 1:20 p.m. MT.
• NAREIT REITWeek Conference on June 7 by John Knuff at 10:15 a.m. ET.

Equinix, the global digital infrastructure leader, announced the acquisition of four data centers in Chile and an agreement for one in Peru from Entel, with a total enterprise value of approximately US$735 million. This expansion into Latin America enhances Equinix's market position as the largest digital infrastructure provider in the region, expected to boost annual revenue by US$55 million. The new centers will support increased demand for digital transformation, leverage sustainable energy sources, and integrate around 100 employees from Entel, signaling a strategic partnership to enhance hybrid multicloud solutions.

Zayo Group Holdings and Equinix successfully completed a 400 Gbps trial connecting data centers in London and Paris on Zayo's subsea fiber network. Marking a significant innovation, this collaboration aims to meet the rising demand for high-speed data transfer. The trial utilized a 500G optical channel to enhance monitoring and network visibility. Major benefits included reduced hardware needs and a 40% decrease in power consumption per gigabit, supporting sustainable practices. Zayo plans to deliver 400G wavelength services across key routes by the end of 2022.

Equinix, Inc. (Nasdaq: EQIX) has declared a quarterly cash dividend of $3.10 per share on its common stock. This dividend will be paid on June 15, 2022, to shareholders of record on May 18, 2022. This announcement underscores Equinix's commitment to delivering shareholder value and reflects its strong cash generation capabilities.

Equinix reported a 9% year-over-year revenue increase, reaching $1.7 billion for Q1 2022, marking its 77th consecutive quarter of growth. Key highlights include executing over 4,200 deals with 3,100 customers and a 7% rise in operating income to $267 million. The company is expanding globally with 43 ongoing projects in 20 countries. 2022 annual guidance projects revenues between $7.291-$7.341 billion, showcasing a 10-11% increase, despite foreign currency impacts. Adjusted EBITDA is anticipated at $3.344-$3.374 billion, indicating strong operating performance.

Equinix (Nasdaq: EQIX) has appointed Tara Risser as the new President of the Americas, effective immediately. Risser, a seven-year veteran of the company, succeeds Jon Lin, who has transitioned to EVP & GM of Data Center Services. Risser previously served as Senior VP of Global Customer Care and Experience, enhancing customer support during Equinix's significant growth. Her leadership is expected to drive strategic initiatives across the Americas, including expansions in Canada, Mexico, and plans for Chile. Risser aims to strengthen Equinix's market position in digital infrastructure.

Equinix has completed its acquisition of MainOne for US$320 million, marking a strategic entry into the African market. This acquisition enhances Equinix's goal of becoming a leading carrier-neutral digital infrastructure provider in Africa, particularly in Nigeria, Ghana, and Côte d'Ivoire. MainOne adds four data centers and a 7,000-kilometer submarine network to Equinix's resources, projected to generate approximately US$60 million in annual revenue. The integration aims to facilitate digital transformation across the continent.