Equinix Posts Revenue of $249 Million, up 25% YoY

Equinix reported quarterly revenues of $248.6 million, a 3% increase over the previous quarter and a 25% increase over the same quarter last year. Net income for the first quarter was $14.2 million.


Recurring revenues, consisting primarily of colocation, interconnection and managed services were $237.2 million for the first quarter, a 2% increase over the previous quarter and a 25% increase over the same quarter last year. Non-recurring revenues were $11.4 million in the quarter.


"Our first quarter results have set the foundation to deliver another year of solid growth in 2010," said Steve Smith, CEO and President of Equinix. "Demand for our services remained strong across all three operating regions during the quarter and we continue to benefit from our global reach and scale." http://www.equinix.com