Equinix reported strong financial results for Q2 2024, with revenues increasing 7% year-over-year to $2.16 billion and net income surging 45% to $301 million. Recurring revenues, which comprised 94% of total revenues, grew 6% to $2.02 billion, while non-recurring revenues rose 34% to $135 million. The company maintained solid operating performance with adjusted EBITDA of $1.04 billion, up 15% from the prior year.The company continued its global expansion with significant investments in data center infrastructure and strategic initiatives. Notable developments included the sale of the Silicon Valley 12 data center site in connection with forming the AMER 2 Joint Venture, and the issuance of $750 million in senior notes due 2034. Operating cash flow remained robust at $1.51 billion for the first six months, supporting ongoing growth investments.Looking ahead, Equinix maintains a strong financial position with $2.0 billion in cash and $3.9 billion available under its revolving credit facility. The company declared a quarterly cash dividend of $4.26 per share, payable on September 18, 2024. Management continues to focus on strategic expansion opportunities while navigating market dynamics and maintaining operational excellence across its global platform.

Equinix reported strong financial results for Q2 2024, with revenues increasing 7% year-over-year to $2.16 billion and net income surging 45% to $301 million. Recurring revenues, which comprised 94% of total revenues, grew 6% to $2.02 billion, while non-recurring revenues rose 34% to $135 million. The company maintained solid operating performance with adjusted EBITDA of $1.04 billion, up 15% from the prior year.The company continued its global expansion with significant investments in data center infrastructure and strategic initiatives. Notable developments included the sale of the Silicon Valley 12 data center site in connection with forming the AMER 2 Joint Venture, and the issuance of $750 million in senior notes due 2034. Operating cash flow remained robust at $1.51 billion for the first six months, supporting ongoing growth investments.Looking ahead, Equinix maintains a strong financial position with $2.0 billion in cash and $3.9 billion available under its revolving credit facility. The company declared a quarterly cash dividend of $4.26 per share, payable on September 18, 2024. Management continues to focus on strategic expansion opportunities while navigating market dynamics and maintaining operational excellence across its global platform.