Equinix to build data centre hubs in Germany and Oman as its 2019 revenues hit $5.5bn

Charles J. Meyers, CEO, Equinix

The data centre giants delivered a 2019 annual revenue increase of 10% year-over-year to $5.562bn, with its customer deployments across multiple metros increasing to 87% of total recurring revenues.

Equinix (Nasdaq: EQIX) reported results for the quarter and year ended December 31, 2019, as the company announced plans to build out new markets in Hamburg, Germany and Muscat, Oman this year.

The company also reported a 2019 annual operating income increase of 20% over the previous year to $1.170bn, and an operating margin of 21%.

Equinix results for the quarter and year ended December 31, 2019

“2019 was a great year for Equinix, delivering $5.6bn of revenue, ahead of our expectations, as we continue to drive value on both the top-line and at the per-share level,” said Charles Meyers, President and CEO, Equinix.

“The pace of digital transformation continues to accelerate, creating seismic shifts across industries as businesses embrace interconnection as three critical to their infrastructure strategy, and adopt hybrid and multi-cloud as the clear architecture of choice.

Join the Debate

Time is precious, but news has no time. Join Data Economy’s LinkedIn debate page today and get access to content in real-time.

“In 2020, we will continue our focus on evolving Platform Equinix, adding new capabilities and service offerings to meet the digital transformation needs of our customers, expanding our global reach and scaling our go-to-market engine to execute on the opportunity ahead.

“We are excited about the year ahead and continuing to build a company that is simultaneously driving great business results and positively impacting our world.”

Last month, Equinix announced it signed a definitive agreement to acquire bare metal automation platform Packet.

The company mentioned that it achieved its second-best gross and net bookings this quarter with strong performance across all three regions (Americas, EMEA and Asia-Pacific) and notable momentum in Asia-Pacific, as well as closed over 17,000 deals in 2019.

The company currently operates across 55 metros in 26 countries including the recently completed acquisition of three Axtel data centres that serve two new strategic technology metros in Mexico.

Read the latest from the Data Economy Newsroom: