Equinix said Americas revenues for the quarter ended June 30, 2024 rose $76 million (9%), EMEA revenues rose $34 million (5%), and Asia-Pacific revenues rose $30 million (7%, or 12% on a constant currency basis).

1. 01

   Equinix said Americas revenues for the quarter ended June 30, 2024 rose $76 million (9%), EMEA revenues rose $34 million (5%), and Asia-Pacific revenues rose $30 million (7%, or 12% on a constant currency basis).

2. 02

   The company cited $16 million of non-recurring services provided to its joint ventures as a driver of Americas revenue growth in the quarter, and $21 million as a driver of Asia-Pacific revenue growth. It also cited this service in its explanations of operating income growth in both regions.

3. 03

   The company said operating income for the quarter rose $45 million (66%) in the Americas, $16 million (11%) in EMEA and $43 million (38%) in Asia-Pacific. Income tax expense was $47 million, and the effective tax rate was 13.5%, compared with 15.3% in the prior-year period.

4. 04

   The company said it held cash and cash equivalents of $2.0 billion as of June 30, 2024 and had $3.9 billion of additional liquidity available under its $4.0 billion revolving facility. It also said $470 million could be sold under its 2022 ATM Program.

Key figures

Quarter ended June 30, 2024

Revenue

$2.2B

Operating income

$436M

Net income

$301M

EPS

$3.16

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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