Equinix29 Sep 2019 12:32
Second Quarter 2019 Results Summary
Revenues
$1.385 billion, a 2% increase over the previous quarter
Operating Income
$292 million, a 4% increase over the previous quarter, an operating margin of 21%
Adjusted EBITDA
$677 million, a 49% adjusted EBITDA margin, a 3% increase over the previous quarter
Includes $3 million of integration costs
Net Income and Net Income per Share attributable to Equinix
$144 million, a 22% increase over the previous quarter
$1.69 per share, a 17% increase over the previous quarter
AFFO and AFFO per Share
$498 million, a 2% increase over the previous quarter
$5.87 per share
Includes $3 million of integration costs
2019 Annual Guidance Summary
Revenues
$5.565 - $5.595 billion, a normalized and constant currency increase of 9% over the previous year, and a $10 million increase compared to prior guidance at the mid-point
Adjusted EBITDA
$2.660 - $2.690 billion, a 48% adjusted EBITDA margin, and a $15 million increase compared to prior guidance at the mid-point
Assumes $11 million of integration costs
Will be interesting to see if we can do a jv with these big boys, exciting times ahead. Gla