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Home > Data Center > Equinix reports fourth quarter and full-year results

Equinix reports fourth quarter and full-year results

Equinix announced the financial results for the fourth quarter and year ended December 31, 2020.

Erdem Yasar by Erdem Yasar
February 13, 2021
in Data Center
2 min read
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The world’s digital infrastructure company, Equinix, reported financial results for the fourth quarter and the year ended December 31, 2020. According to the announcement, 2020 annual revenues increased 8% year-over-year and constant currency basis to approximately $6 billion. 2020’s fourth quarter represents Equinix’s 72nd consecutive quarter of revenue growth. During that period, the company also continued to expand its platform, building across 44 projects in 30 markets and 20 countries.

2020 Results Summary

  • Revenues 
    • $5.999 billion, an 8% increase over the previous year on both an as-reported and normalized and constant currency basis
  • Operating Income
    • $1.053 billion, a 10% decrease from the previous year, and an operating margin of 18%, in part due to increased acquisition costs and the prior year’s gain on sale of assets contributed to the EMEA joint venture
  • Adjusted EBITDA
    • $2.853 billion, a 48% adjusted EBITDA margin
    • Includes $17 million of integration costs
  • Net Income and Net Income per Share attributable to Equinix 
    • $370 million, a 27% decrease from the previous year, primarily due to acquisition costs and losses on debt extinguishment related to balance sheet refinancing initiatives
    • $4.18 per share, a 30% decrease from the previous year
  • AFFO and AFFO per Share
    • $2.189 billion, a 13% increase over the previous year or 18% on a normalized and constant currency basis
    • $24.76 per share, a 9% increase over the previous year or 12% on a normalized and constant currency basis
    • Includes $17 million of integration costs
Charles Meyers, President and CEO, Equinix
Charles Meyers, President and CEO, Equinix

Charles Meyers, President and CEO, Equinix, said,

“While 2020 brought about a landscape of challenges and change, Equinix continued to innovate and adapt, serving as a trusted partner to our customers on their digital transformation journey. We continued to extend our market leadership, delivering approximately $6 billion of revenue and driving healthy growth both on the top-line and at the per-share level. As we look ahead, I am as optimistic as ever about our business and the expanding opportunity to serve our customers, partners and shareholders as the world’s digital infrastructure company.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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