Thursday, July 30, 2009

Equinix says 2010 revenue, EBITDA may grow over 30 pct

worth a complete quote, from reuters:

>>Equinix says 2010 revenue, EBITDA may grow over 30 pct

SINGAPORE (Reuters) - Data centre and internet exchange services firm Equinix Inc said on Thursday its revenue and EBITDA may grow over 30 percent in 2010, driven by customers seeking cheaper ways to service their technology infrastructure.

Chief Executive Steve Smith told Reuters in an interview that the company was seeing a slowdown in demand this year but expected growth to pick up steam next year. It might keep its annual capital spending in 2010 similar to previous years of between $375-400 million, after spending $375 million for 2009.

"We feel very solid that we will continue to grow this company very rapidly at the pace that we have been doing in the past," Smith said.

"Is it possible, yes," he added, when asked if a growth of high 30 percent is attainable for next year.

Smith said the company will expand at a high 20 percent rate this year.

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