Tuesday, February 15, 2011

Pricing Remains Firm for Equinix During 4Q

from quicktake.morningstar.com:

>>We liked what we saw from Equinix EQIX in its fourth-quarter earnings release. Fourth-quarter revenue grew by 42%, to $345.2 million. This drove full-year sales to $1.22 billion (up 38.3% year-over-year) which was roughly 1% higher than our full-year projection. Thanks in part to the Switch and Data acquisition and very strong bookings, the North American segment generated the most year-over-year sales growth (up 53%) followed by Asia (up 37%) and Europe (22%).

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