Equinix Reports Strong Q1 Performance and Plans for Capacity Expansion
Friday, 10 May 2024, 06:00
Equinix Q1 2024 Earnings Call Transcript
Key Points:
- Strong Q1 performance driven by highest Q1 bookings, favorable pricing dynamics, and lower churn
- Capacity constraints in key markets like New York, Singapore, and Northern Virginia
- Maintained revenue outlook and anticipates growth acceleration in the second half of the year
Equinix reported a strong Q1 performance with highest Q1 bookings, favorable pricing dynamics, and lower churn. The company is facing capacity constraints in key markets like New York, Singapore, and Northern Virginia. Despite these challenges, Equinix maintains a solid revenue outlook and anticipates growth acceleration in the second half of the year.
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