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● World's Digital Infrastructure Company TM Exceeds Expectations and Delivers Another Consecutive Quarter of Revenue and Interconnection Growth REDWOOD CITY , Calif . , July 28 , 2021 / PRNewswire / -- Quarterly revenues increased 13 % over the same quarter last year to $ 1.658 billion , or 8 % on a normalized and constant currency basis , representing the company's 74th consecutive quarter of revenue growth Record bookings across the company , including in the Americas region and in the enterprise vertical Company exceeds 400,000 interconnections , highlighting its critical role in the digital infrastructure of today's businesses Significant milestones in the quarter included attaining Fortune 500 status , recognition as a leader in IDC's Marketscape report and upgrades from two top credit ratings agencies ● Equinix Reports Second Quarter 2021 Results Exhibit 99.1 Equinix , Inc. ( Nasdaq : EQIX ) , the world's digital infrastructure company , today reported results for the quarter ended June 30 , 2021. Equinix uses certain non GAAP financial measures , which are described further below and reconciled to the most comparable GAAP financial measures after the presentation of our GAAP financial statements . All per share results are presented on a fully diluted basis . Second Quarter 2021 Results Summary Revenues o $ 1.658 billion , a 4 % increase over the previous quarter , including a 36 % increase in non - recurring revenues from xScale ™ fees and custom installation services o Includes an $ 11 million positive foreign currency benefit when compared to prior guidance foreign currency ( " FX " ) rates Operating Income o $ 279 million , a 6 % decrease from the previous quarter and an operating margin of 17 % due to increased depreciation and amortization from recently opened IBX data centers and expansions , higher utilities expense and increased repairs and maintenance spend Adjusted EBITDA o $ 797 million , a 48 % adjusted EBITDA margin o Includes a $ 6 million positive foreign currency benefit when compared to prior guidance FX rates o Includes $ 4 million of integration costs Net Income and Net Income per Share attributable to Equinix o $ 68 million , a 56 % decrease from the previous quarter , largely due to a $ 101 million debt extinguishment charge , related to the company's $ 1.25 billior 2027 Notes redemption completed in June o $ 0.76 per share , a 56 % decrease from the previous quarter AFFO and AFFO per Share o $ 632 million , a 1 % increase over the previous quarter , including a $ 25 million increase in recurring capital expenditures o $ 7.01 per share , an increase over the previous quarter o Includes $ 4 million of integration costs 2021 Annual Guidance Summary . Revenues 。 $ 6.619 - $ 6.659 billion , an increase of 10 - 11 % over the previous year , or a normalized and constant currency increase of ~ 8 % • An increase of $ 50 million compared to prior guidance , including a $ 25 million foreign currency benefit when compared to prior guidance FX rates Adjusted EBITDA o $ 3.108 - $ 3.148 billion , a 47 % adjusted EBITDA margin o An increase of $ 27 million compared to prior guidance , including an $ 11 million foreign currency benefit when compared to prior guidance FX rates o Assumes $ 25 million of integration costs • AFFO and AFFO per Share o $ 2.434 - $ 2.474 billion , an increase of 11 - 13 % over the previous year , or a normalized and constant currency increase of 10 - 12 % o An increase of $ 15 million compared to prior guidance , including a $ 6 million foreign currency benefit when compared to prior guidance FX rates o $ 26.92 - $ 27.36 per share , an increase of 9 - 11 % over the previous year on both an as - reported and on a normalized and constant currency basis o Assumes $ 25 million of integration costs Equinix does not provide forward - looking guidance for certain financial data , such as depreciation , amortization , accretion , stock - based compensation , net income ( loss ) from operations , cash generated from operating activities and cash used in investing activities , and as a result , is not able to provide a reconciliation of GAAP to non - GAAP financial measures for forward - looking data without unreasonable effort . The impact of such adjustments could be significant . Equinix Quote Charles Meyers , President and CEO , Equinix : " We have continued to see significant momentum in our business as digital transformation outpaces previous expectations across all industries . Technology spend is accelerating , and we believe Equinix remains uniquely positioned as traditional technology markets continue to shift to as - a - service consumption models and hybrid multicloud is widely adopted as the architecture of choice . The pandemic has highlighted that digital infrastructure is not just a business enabler , but a primar source of competitive advantage for digital leaders across all industries , and we continue to see a multitude of trends driving infrastructure to become more distributed , more on demand , and more ecosystem - connected than ever before . " Business Highlights Equinix continued the growth of its indirect selling initiatives , with channel sales delivering a record quarter , contributing more than 35 % of the bookings for the quarter . Wins were across a wide range of industry verticals and use cases with continued strength from partners such as AWS , Cisco , Dell , Google , HPE , IBM and Microsoft . Equinix also announced a new structure and leadership team for its growing channel business . Equinix continued to strengthen its leadership position in the cloud ecosystem through the company's hyperscale strategy , expanding its footprint to service both retail and large footprint hyperscale requirements in key markets , while leveraging its joint venture relationship with GIC , Singapore's sovereign wealth fund . On June 14th , Equinix announced agreements with GIC to add $ 3.9 billion to expand the xScale ™ data center program . When closed and built out , these agreements will bring the xScale portfolio to greater than $ 6.9 billion across 32 facilities globally and more than 600 megawatts ( MW ) of power capacity . • Advances in the company's sustainability agenda in Q2 resulted in meaningful progress across environmental , social and governance ( ESG ) initiatives : o On June 16th , Equinix became the first in the data center industry to commit to reaching climate - neutral status by 2030 , backed by science - based targets and an aggressive sustainability innovation agenda .