Equinix, Inc., , has published its fourth quarter and full-year results for 2019 this Thursday, delivering its 68th quarter of revenue growth.
During the final quarter of 2019, which is the three months ended December 31, 2019, the company reported total revenues of $1.42 billion. When measuring this against the same period of the previous year, which achieved revenues of $1.31 billion, revenues have increased by 8.2 per cent.
Gross profit for the final quarter of last year also managed to increase on a yearly comparison. In particular, gross profit climbed from $639.1 million in Q4 of 2018 by 8.2 per cent to reach $691.5 million in Q4 of 2019.
2019 revenues increase by 10%
For the whole year, Equinix posted $5.56 billion in annual revenues. This represents an increase of 10 per cent year-on-year, up from $5.07 billion in 2018. Gross profit in 2019 was also up by 11.6 per cent on a yearly measurement, coming in at $2.75 billion.
Commenting on the results, Charles Meyers, President and CEO, Equinix said in the statement: “2019 was a great year for Equinix, delivering $5.6 billion of revenue, ahead of our expectations, as we continue to drive value on both the top-line and at the per-share level.
“The pace of digital transformation continues to accelerate, creating seismic shifts across industries as businesses embrace interconnection as critical to their infrastructure strategy, and adopt hybrid and multicloud as the clear architecture of choice.
“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.”
Equinix 2020 outlook
For 2020, Equinix expects that its revenues will fall within $6.0 billion and $6.05 billion, which will be an 8-9 per cent increase over the previous year.