Non-recurring revenues declined 8.8% from the year-ago quarter to $71.9 million.The company improved its guidance for the ongoing year on foreign currency benefit. This result includes a $1 million foreign currency benefit when compared to prior guidance rates.For the full year of 2020, total revenues are expected to range between $5.919 and $5.989 billion, a 6 – 8% increase over the previous year, or a normalized and constant currency increase of approximately 8 – 9%.
Equinix forecasts up to 8% uptick in full-year revenue. For the second quarter of 2020, the Company expects revenues to range between $1.446 and $1.466 billion , an increase of 0 - 2% quarter-over-quarter, or … Delayed quotes by Sungard.The company’s quarterly AFFO per share was $6.35, beating the Zacks Consensus Estimate of $5.98. Adjusted EBITDA is expected to range between $2.781 and $2.851 billion, an adjusted EBITDA margin of 47% at the mid-point. This information will only be used for this request.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Zacks Ranks stocks can, and often do, change throughout the month. Adjusted EBITDA is expected to range between $696 and $716 million, including a $3 million foreign currency benefit when compared to the average FX rates in Q2 2020 and $5 million of integration costs from acquisitions.
Today, Equinix’s global interconnection platform comprises over 378,000 physical and virtual interconnections.
Steady growth in interconnection revenues drives Equinix's (EQIX) 70th consecutive quarter of revenue growth in second-quarter 2020. Adjusted EBITDA margins were 49%, stable year over year.
Adjusted EBITDA is likely to be between $696 million and $716 million.Recurring revenues were $1.38 billion, up 7% from the year-ago quarter’s figure. Steady growth in interconnection revenues drives Equinix's (EQIX) 70th consecutive quarter of revenue growth in second-quarter 2020. See its 7 best stocks FREE.For third-quarter 2020, Equinix projects revenues of $1.493-$1.513 billion. Equinix revenue for the twelve months ending March 31, 2020 was $5.643B, a 8.13% …
Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.Revenues from the three geographic regions increased on a year-over-year basis as well. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.Equinix exited the second quarter with cash and cash equivalents of $4.78 billion.
Growth is dependent on how its customers, partners, and vendors are doing and those hit hard by Covid-19 could cause a knock-on effect on Equinix's future revenue. Global interconnection and data center company Equinix Inc (NASDAQ:EQIX) has published its financial report for the second quarter of 2020, with the results supported by robust interconnection growth.. This $23 million guidance raise is due to a foreign currency benefit when compared to the prior guidance FX rates.
The company’s total debt principal outstanding was $14.19 billion as of Jun 30, 2020.The upside primarily stemmed from steady growth in interconnection revenues. Global interconnection and data centre company Equinix has reported its financial results for the second quarter ended on the 30th of June 2020, in which the company has achieved its 70th consecutive quarter of revenue growth.. During the three-month period, Equinix achieved one of its strongest quarters in terms of interconnection growth and activity across the company’s history.
This would equal an uptick of 6 – 8 per cent from the previous year or a normalised and constant currency increase of 8 – 9 per cent.
When Milind Wagle joined Equinix eight years ago, the company had roughly $1 billion in revenue.
NASDAQ data is at least 15 minutes delayed.Concurrent with its second-quarter 2020 earnings release, on Jul 29, Equinix’s board of directors approved a quarterly cash dividend of $2.66 per share. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Nonetheless, $2 million in integration costs hurt AFFO and adjusted EBITDA.NYSE and AMEX data is at least 20 minutes delayed.
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