Tuesday, February 21, 2012

Analyzing Equinix's Solid Q4 Report

Read the whole article at Seeking Alpha:

>>Equinix (EQIX) reported Q4 2011 results last Wednesday, after the market close. At the same time, the company announced its intention to expand its Washington, D.C. data center campus through the build out of a new facility, targeted to open in early 2013, and the start of phase two of its DC10 data center for Business Suites, expected to be completed in Q4 2012.

The first phase of the new DC11 data center is expected to cost around $88 million in expansion capital, and will add 1,200 cabinets with capacity for 1,800 cabinets in future phases. Phase two of DC10 is expected to cost $21 million in expansion CapEx. As a reminder, phase one of DC10, which adds about 15,500 square feet of co-location space, is scheduled to open next month.

A quick look at some of the quarter's highlights:

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