Equinix Achieves First Quarter of Positive Cash Flow

Equinix reported its first full quarter of positive operating cash flow. Revenues for the quarter were $30.9 million, representing a 53% increase over the same quarter in the prior year and a 9% increase over Q2 2003. Recurring revenues, consisting of colocation, interconnection and managed services were $28.4 million, a 78% increase over the same quarter last year and a 9% increase over second quarter 2003. Net loss for Q3 was $19.7 million, or a basic and diluted net loss per share of $2.12.


Equinix added 60 new customers in the third quarter including Amazon.com, Apple Computer, Comcast IP Services, Deutsche Boerse AG, GTSI, Keynote Systems, KVH Telecom, Macromedia, SAIC, Savvis and Standard Bank Asia Limited. The company received additional orders in the quarter from greater than 45% of its existing U.S. customers including EDS, IBM, Microsoft and the U.S. Government. The company ended the quarter with greater than 650 customers.
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