Equinix raises annual results forecast on steady data center demand
The company has benefited from the increased demand for data center infrastructure amid a surge in artificial intelligence usage.
Major cloud firms, including Google (GOOGL.O), opens new tab, have pledged significant investments this year to expand on AI, underscoring robust demand for AI-related products and solutions.
Equinix provides organizations with secure, resilient and power-efficient environments to house their IT equipment within its data centers, while offering shared infrastructure and connectivity solutions.
The company now expects annual revenue to be between $9.23 billion and $9.33 billion, compared with prior projection of $9.18 billion to $9.28 billion.
It now expects annual per-share funds from operations, a key measure of cash flow, to be in the range of $37.67 to $38.48 per share, compared with previous forecast of $37.36 to $38.17.
In the second quarter ended June 30, the company's revenue rose 4.6% to $2.26 billion, in line with estimates, according to data compiled by LSEG.
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Reuters
12 minutes ago
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From ingredient costs to sagging demand, tariffs further pinch company earnings
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The Independent
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Jim Acosta says he was ‘honored' to interview AI Parkland victim amid intense backlash
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Manuel ended the clip by asking critics to 'stop blaming people about where he's coming from, or blaming Jim about what he was able to do,' insisting that if 'the problem you have is with the AI, then you have the wrong problem.' Instead, Manuel concluded, the focus should remain on mass shootings. 'The real problem is that my son was shot eight years ago,' he stated. 'So if you believe that that is not the problem, you are part of the problem.'Asked about the criticism he's faced online over the interview, Acosta told The Independent that he'd essentially reiterate much of what Manuel had to say about the backlash in his video. 'I think I would say this - the family of Joaquin reached out to me to see if I would help them remember their son,' Acosta said. 'My heart goes out to them and I was honored to help them in this moment. 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Reuters
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