Steady growth in interconnection revenues drives Equinix's (EQIX) 70th consecutive quarter of revenue growth in second-quarter 2020. These returns cover a period from January 1, 1988 through July 6, 2020. 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. This $11 million guidance raise is due to a foreign currency benefit when compared to the prior guidance FX rates.Equinix also confirms it is in advanced discussions with a seller to acquire selected data center sites and their operations.Equinix unveils Network Edge, which offers enterprises a new way to deploy network services on Equinix’s global interconnection platform.The 13 data center sites are expected to generate $105 million annualized revenue, which represents a purchase multiple of approximately 15x EV / adjusted EBITDA. Equinix revenue for the twelve months ending March 31, 2020 was $5.643B, a 8.13% …
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.33% per year. Also, the top-line figure improved 6% year over year, representing the 70th consecutive quarter of revenue growth.Real time prices by BATS.
Furthermore, the company delivered strong bookings in the quarter, while its interconnection activity was driven by its global footprint and diverse interconnected ecosystems. Recurring capital expenditures are expected to range between $36 and $46 million.Operating income for the second quarter of 2020 amounted to $282 million, an 11% increase over the previous quarter.Equinix reported net income of $144 million for the quarter to end-June 2019, up 22% over the previous quarter.Net income for 2019 was $507 million, a 39% increase over the previous year.Interconnection revenues in the second quarter of 2020 grew 14% year-over-year, or 16% on a normalized and constant currency basis, steadily rising over the last few quarters, reflecting the demand across the Equinix portfolio for interconnection products.
Revenues for the quarter to June 30, 2020 amounted to $1.470 billion, a 2% increase over the previous quarter, and up from $1.380 billion a year earlier. 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. Steady growth in interconnection revenues drives Equinix's (EQIX) 70th consecutive quarter of revenue growth in second-quarter 2020.
It predicts adjusted EBITDA of $2.781-$2.851 billion, higher than $2.765-$2.845 billion stated earlier. ZacksTrade and Zacks.com are separate companies. For 2020, it estimates generating revenues of $5.919-$5.989 billion as compared with $5.877-$5.985 billion mentioned earlier. This guidance includes a $5 million foreign currency benefit when compared to the averageFX rates in Q2 2020. Nonetheless, $2 million in integration costs hurt AFFO and adjusted EBITDA.NYSE and AMEX data is at least 20 minutes delayed. The dividend will be paid out on Sep 23 to shareholders of record as of Aug 19.Cash gross margin was 67%, stable year over year. Looking to the future, Equinix expects revenues for the whole of 2020 to fall in the range of $5.919 – $5.989 billion.
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