Equinix reported 2022 revenue of $7.263 billion, a 9% increase over the previous year on an as-reported basis or 11% on a normalized and constant currency basis. Net income was $705 million, a 41% increase over the previous year, primarily due to operating performance strength and loss on debt extinguishment in 2021. For the full year of 2023, Equinix expects total revenues to range between $8.145 and $8.245 billion, a 12 - 14% increase over the previous year on an as-reported basis, or a 14 - 15% increase on a normalized and constant currency basis.
Some highlights of its ongoing data center expansion program
- Equinix now encompasses more than 245 data centers across 71 metros in 32 countries
- The 49 major projects currently underway across 35 metros and 23 countries represent the largest new-build pipeline in company history.
- In Q4, Equinix announced its first builds in Johannesburg, South Africa, and Johor, Malaysia.
- The new Johannesburg facility will augment Equinix's current African footprint in Nigeria, Ghana and Côte d'Ivoire.
