Global data center colocation and interconnection company, Equinix, saw its 2020 annual revenues increase 8% year-over-year to approximately $6 billion. This represents Equinix’s 72nd consecutive quarter of revenue growth. The net income in 2020 came down to $370 million, a 27% decrease from the previous year.
“While 2020 brought about a landscape of challenges and change, Equinix continued to innovate and adapt, serving as a trusted partner to our customers on their digital transformation journey,” said Charles Meyers, President and CEO of Equinix. “We continued to extend our market leadership, delivering approximately $6 billion of revenue and driving healthy growth both on the top-line and at the per-share level. As we look ahead, I am as optimistic as ever about our business and the expanding opportunity to serve our customers, partners and shareholders as the world’s digital infrastructure company.”
Interconnection revenues grew 14% year-over-year driven by strong customer adoption of Equinix Fabric, good traction in Internet exchange markets and solid interconnection net adds. Equinix’s global interconnection platform now comprises over 392,000 physical and virtual interconnections.
In Q4 2020, Equinix added 7,700 interconnections, driven by continued strength in network and cloud connectivity. Equinix’s Internet Exchange experienced peak traffic, up 8% quarter-over-quarter and 43% year-over-year, driven by cloud, content and gaming segments.
Channel Strategy, Hyperscalers
Equinix continues its indirect selling initiatives, as the data center colocation company pursues high-value strategic channel partnerships. In Q4, channel activity accounted for approximately 35% of bookings.
Strength was driven by Equinix’s hyperscale and technology alliance partners, with wins across a wide range of industry segments with projects focused on digital transformation efforts, as well as COVID-19 pandemic responses. Equinix continues to make significant progress with the company’s hyperscale strategy with eight projects currently underway across all three regions and a strong pipeline of customer demand.
In Q4 2020, Equinix completed the formation of another greater than $1.0 billion joint venture in the form of a limited liability partnership with GIC, Singapore’s sovereign wealth fund, to develop and operate xScale data centers in Japan.
Bare Metal as a Service
The reach of Equinix’s global platform was further expanded in 2020. The data center colocation company now operates across 63 metros in 26 countries. In 2020, Equinix completed 16 new expansions, its most active build year ever, with a sizeable expansion roadmap planned for 2021 to meet growing customer demand. New expansions planned in 2021 include the Geneva, Genoa, Madrid, Manchester, Muscat, New York and Osaka metros, with 44 large projects underway across 30 markets and 20 countries.
On October 6, Equinix launched the availability of its Equinix Metal platform, a fully automated and interconnected Bare Metal as a Service offering. Today, Equinix Metal is available in eight global metros and is expected to be available in 18 global metros in early 2021.
On December 8, Equinix introduced transformative capabilities on Equinix Fabric and Network Edge, which would ease the way enterprises connect their digital infrastructure. With these new capabilities, Equinix Fabric now has native integration built into both Network Edge and Equinix Metal over the Equinix platform and is available in 49 strategic metros across five continents.
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