Equinix Expands Capacity and Revenue
Equinix has purchased land in high-demand data center markets, including Amsterdam, London, Chicago, Toronto, and Johannesburg, to add 900 MW of data center capacity.
We were built for this moment, and I am confident we will continue to make the very most of this opportunity in regard to both long-term growth and long-term value creation for our shareholders.
Equinix CEO Adaire Fox-Martin expressed confidence in the company's growth, with plans to double its power capacity by 2029, currently having 3 GW under development.
- Revenue grew 5% year over year to $2.31 billion
- Net income of $374 million, with diluted earnings per share of $3.81
- Over 4,400 deals closed with 3,400 customers in the third quarter
Author's summary: Equinix expands capacity and revenue growth.
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