Equinix Reports $216 Million in Net Income for Q2 2022

Equinix, a Nasdaq-listed digital infrastructure company Release Financial results for the second quarter of 2022. The company saw a surge in net income and net income per share as it reached $216 million, 47% higher than in the previous quarter. According to Equinix, this was due to tax settlement that went in it’s favor and strong operating performance.

Per the company Business Outlook

“For the third quarter of 2022, the Company expects revenues to range between $1.827 and $1.847 billion, a 1 – 2% increase over the prior quarter on both an as-reported and normalized and constant currency basis. This guidance includes a negative $12 million foreign currency impact when compared to the average FX rates in Q2 2022. Adjusted EBITDA is expected to range between $831 and $851 million. Adjusted EBITDA includes a negative $5 million foreign currency impact when compared to the average FX rates in Q2 2022 and $9 million of integration costs from acquisitions. Recurring capital expenditures are expected to range between $42 and $52 million.”

Charles Myers, President and Chief Executive Officer of Equinix, commented:

Despite the complex global macroeconomic and political situation, the pipeline remains strong, enabling digital leaders to continue their journey of change. “

In May 2022, Equinix announced an extension of its collaboration with Colt to promote digital transformation in France. Earlier this year, the company acquired data centers in Chile and Peru.