Equinix Inc - EQIX STOCK NEWS

Equinix (Nasdaq: EQIX) announced a quarterly cash dividend of $2.87 per share on its common stock, set to be paid on December 15, 2021. Shareholders of record as of November 17, 2021 will receive this dividend. The company's focus remains on enabling digital leaders through its global digital infrastructure platform, emphasizing its commitment to supporting businesses in scaling and launching digital services.

Equinix reported Q3 2021 revenues of $1.675 billion, a 10% year-over-year increase, marking its 75th consecutive quarter of growth. The company saw record channel bookings, with interconnection revenues surpassing colocation revenues. Major milestones included the acquisition of GPX India and a new joint venture in Australia valued at $575 million. Operating income rose 1% to $282 million, and net income surged 123% to $152 million. 2021 annual guidance anticipates revenues between $6.614 - $6.634 billion.

Equinix, Inc. (Nasdaq: EQIX) announced plans to build a new International Business Exchange™ (IBX®) data center, MA5, in Salford, Manchester. The facility, scheduled to open in Q2 2022, will be the fifth data center in Greater Manchester, enhancing connectivity in the UK’s robust fiber-optic network. The investment totals over £130 million for this site and £1 billion+ for the UK's digital infrastructure. MA5 will offer advanced colocation and interconnection services, supporting regional digital transformation and creating jobs in Manchester.

The Global Interconnection Index (GXI Vol. 5) by Equinix reveals a significant digital transformation, as businesses accelerate their digital infrastructure deployment by four times compared to pre-pandemic speeds. The interconnection bandwidth is projected to exceed 21,485+ terabits per second (Tbps) by 2024, with a CAGR of 44%. Key industry insights indicate the financial services sector will dominate interconnection bandwidth, while sectors including healthcare and transportation will see the fastest growth. The study underscores the urgency for companies to innovate and adapt to evolving market demands.

Equinix (Nasdaq: EQIX) and PGIM Real Estate announced a US$575 million joint venture to develop two xScale data centers in Sydney, Australia. The facilities will provide over 55 MW of power capacity aimed at hyperscale companies, with the first center, SY9x, expected to open in Q1 2022. This partnership enhances Equinix's existing global xScale portfolio, which will exceed $7.5 billion and 675 MW across 34 facilities upon completion. PGIM will hold an 80% equity interest while Equinix retains 20%. The venture aims for completion in Q4 2021.

Equinix (Nasdaq: EQIX) has expanded its Kubernetes ecosystem on Equinix Metal, enhancing support for hybrid and multicloud workloads. This initiative aids over 10,000 customers in deploying applications closer to users and networks. Key partnerships with providers like Amazon EKS Anywhere, Google Anthos, and SUSE Rancher enable seamless integration and improved management capabilities. The expansion reflects Equinix's commitment to a partner-first strategy, ensuring businesses can operate effectively across diverse infrastructures. This positions Equinix as a leader in digital infrastructure solutions.

Equinix, Inc. (Nasdaq: EQIX) announced its quarterly conference call scheduled for November 3, 2021, at 5:30 p.m. ET. The call will discuss third-quarter results for the period ending September 30, 2021. Interested parties can join by dialing 1-517-308-9482 (domestic/international) with passcode EQIX, or via a live webcast on the Equinix website. A replay of the call will be available starting one hour after the event until February 16, 2022.

Equinix (Nasdaq: EQIX) has launched a new International Business Exchange™ (IBX®) data center named FR8 in Frankfurt, Germany, with a total investment of $103 million. The facility adds 4,800 m² of colocation space, providing access to a global ecosystem of over 10,000 companies. The FR8 center emphasizes sustainability, utilizing 100% renewable energy and aiming for climate-neutral operations by 2030. This expansion responds to increased demand for private connectivity and supports various industries in their digital transformation.

Equinix (Nasdaq: EQIX) has partnered with i3D.net to enhance its global gaming platform infrastructure amidst a surge in online gaming demand. This collaboration supports i3D.net's expansion into 38 Equinix International Business Exchange™ data centers across multiple regions, ensuring low-latency connectivity for a seamless gaming experience. The gaming market is projected to grow from US$42.2 billion in 2020 to US$46.7 billion by 2025, reflecting the increasing capacity needs and the need for robust digital infrastructure. Both companies aim for sustainability, targeting significant carbon footprint reductions by 2030.