Equinix Inc - EQIX STOCK NEWS

Equinix (Nasdaq: EQIX) announced its planned expansion into Chile and Peru through the acquisition of four data centers from Entel for approximately US$705 million. The deal, expected to close in Q2 2022, will be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share. The acquisition targets Chile's burgeoning tech market, with anticipated enterprise edge spending in Latin America reaching US$8.573 billion by 2024. With this expansion, Equinix will solidify its position as a top provider of digital infrastructure services in the region.

Equinix (Nasdaq: EQIX) announced its participation in three key investor conferences. The Citi 2022 Global Property Conference will be held on March 7, with CEO Charles Meyers presenting at 2:00 p.m. EST. The Morgan Stanley Technology, Media & Telecom Conference follows on March 8, featuring CFO Keith Taylor at 6:00 p.m. EST. Lastly, the Deutsche Bank Media, Internet & Telecom Conference is scheduled for March 15, where Chief Accounting Officer Simon Miller will present at 2:05 p.m. EST.

Equinix (Nasdaq: EQIX) has appointed Nicole Collins as Chief Transformation Officer (CTrO), reporting to CEO Charles Meyers. Collins, joining from the position of Vice President, will spearhead transformation initiatives aimed at enhancing innovation, customer focus, and operational efficiency. Her experience includes key leadership roles at VMware and Dell, where she focused on sales and operational transformation. This strategic move is expected to support Equinix's growth and solidify its market leadership in digital infrastructure.

Equinix, Inc. (Nasdaq: EQIX) announced a quarterly cash dividend of $3.10 per share on February 16, 2022. The dividend will be paid on March 23, 2022 to shareholders on record as of March 7, 2022. This move reflects Equinix's commitment to returning value to shareholders while enabling digital leaders to leverage their infrastructure for business success.

Equinix reported a remarkable 11% increase in annual revenues for 2021, totaling $6.636 billion. The fourth quarter marked the 76th consecutive quarter of revenue growth, with record channel bookings representing 40% of total bookings. Significant expansion into Africa was announced with the acquisition of MainOne. Adjusted EBITDA reached $3.144 billion, reflecting a robust 47% margin, while net income increased by 35% to $500 million. For 2022, the company projects revenues between $7.202 - $7.252 billion, indicating continued growth potential.

Equinix (Nasdaq: EQIX) announced a joint venture with GIC, Singapore's sovereign wealth fund, to invest US$525 million in developing two new xScale data centers in Seoul, Korea. This partnership will expand Equinix's global xScale portfolio to over US$8 billion across 36 facilities, providing an expected power capacity of over 720 MW. The new facilities aim to meet the growing demands of hyperscale companies, contributing to Korea's cloud IT infrastructure market, projected to reach US$1.86 billion by 2025 with a CAGR of 15%.

Equinix, a leader in digital infrastructure, has opened its first Co-Innovation Facility (CIF) at the DC15 International Business Exchange data center in Ashburn, VA. This initiative targets sustainable digital infrastructure, focusing on innovations such as clean hydrogen fuel cells, high-density liquid cooling, and software-defined power management. The facility collaborates with key partners like Bloom Energy and ZutaCore to enhance energy efficiency and reduce greenhouse gas emissions. Equinix aims to be climate neutral by 2030, with over 90% renewable energy integration.