Equinix Opens New NY5 Facility - Expect Accelerated Revenue Growth

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>>Equinix (EQIX) is opening its brand new NY5 data center in the New York metro area, a facility that is expected to respond to strong market demand from its financial customers at a time when the other IBX data centers in the region have reached full capacity.
In this article, we'll go through the background of Equinix's presence in the NY area and strength in the financial vertical, as well as examine what the new opening may mean for the company in the long term.

Equinix's Presence in the New York Metro Area

Excluding the new NY5 facility, the company is operating seven data centers in the New York metro area, located both in Manhattan or in the so-called New Jersey doughnut -- a 30 kilometer to 70 kilometer circle around New York.