Equinix Inc - EQIX STOCK NEWS

Equinix (Nasdaq: EQIX) reports a significant increase in companies planning to migrate their business-critical applications to the cloud, with a 15% rise to 37% compared to the previous year. The Global Tech Trends Survey highlights that 70% of IT leaders prioritize cloud migration, while 80% focus on digitizing their IT infrastructure. Despite cybersecurity threats growing, as cybercrime costs over $1 trillion globally, nearly half of IT infrastructures are now cloud-based. IT leaders express concerns over data leaks, with 52% in the Americas citing this as a major threat.

Equinix, Inc. (Nasdaq: EQIX) announced the appointment of Ron Guerrier to its Board of Directors, increasing the board size to nine members. Guerrier, currently the CIO of HP Inc., has over 25 years of experience in IT, having also held CIO roles at notable firms including Toyota and Express Scripts. His expertise in digital transformation will provide valuable insights as Equinix enhances its global digital infrastructure offerings. Highlighting his past achievements, Guerrier played a pivotal role in broadband expansion in Illinois and has been recognized with multiple industry awards.

Equinix (Nasdaq: EQIX) announced that Jon Lin, President of Americas, will present at the Bank of America Securities 2021 Media, Communications & Entertainment Conference on September 13, 2021, at 11:15 a.m. EST. The presentation will be accessible via webcast through the Investor Relations section on the Equinix website. This event offers an opportunity for investors and analysts to gain insights into Equinix’s strategies and operations as a leading digital infrastructure company, connecting businesses with vital resources for success.

Equinix, Inc. (Nasdaq: EQIX) has completed the acquisition of GPX Global Systems' operations in India for US$161 million, enhancing its Platform Equinix presence in the Indian market.

This expansion includes two new data centers in Mumbai, providing essential digital infrastructure for local and multinational businesses. The facilities will support India's growing digital economy, projected to reach US$2 trillion by 2030.

Equinix aims to leverage this move to accelerate digital transformation and connectivity, particularly with the impending 5G rollout.

Equinix (Nasdaq: EQIX) has announced its participation in two upcoming investor conferences. The Cowen Communications Infrastructure Summit will occur on August 10, where Eric Schwartz, Chief Strategy and Development Officer, will present at 4:40 p.m. EST. Subsequently, the KeyBanc Capital Markets' Virtual Technology Leadership Forum is scheduled for August 12, with Schwartz presenting at 1:20 p.m. EST. Both presentations will be accessible via webcast on the Investor Relations section of the Equinix website.

Equinix, Inc. (Nasdaq: EQIX) declared a quarterly cash dividend of $2.87 per share on its common stock. This dividend will be paid on September 22, 2021, to shareholders on record as of August 18, 2021. The company continues to be a leader in digital infrastructure, providing essential interconnectivity for businesses.

Equinix (EQIX) reported Q2 2021 revenues of $1.658 billion, a 13% year-over-year increase. This marks the 74th consecutive quarter of revenue growth, with a notable 36% rise in non-recurring revenues. However, operating income decreased by 6% to $279 million, attributed to higher expenses. Net income plunged 56% to $68 million due to a debt extinguishment charge. Looking ahead, Equinix has raised its annual revenue guidance to $6.619 - $6.659 billion, reflecting a 10-11% growth, along with an increase in adjusted EBITDA and AFFO. Interconnections surpassed 400,000.

Equinix, the world's digital infrastructure company, announced it will hold a quarterly conference call on July 28, 2021, at 5:30 p.m. ET to discuss its second-quarter results for the period ending June 30, 2021. The call will provide insights into the company's performance and strategies moving forward. Interested parties can listen live by calling 1-517-308-9482 or accessing the webcast on Equinix's investor relations webpage. A replay of the call will be available until November 3, 2021.