Equinix Inc (NASDAQ:EQIX) reported better-than-expected fourth-quarter FFO results and issued first-quarter sales guidance above estimates on Wednesday.
Equinix reported quarterly FFO of $8.91 per share which beat the analyst consensus estimate of $8.85. The company reported quarterly sales of $2.420 billion which missed the analyst consensus estimate of $2.461 billion.
Equinix said it sees first-quarter sales of $2.496 billion to $2.536 billion, versus market estimates of $2.463 billion.
“Our team executed exceptionally well in Q4, marking a very strong close to a pivotal year for Equinix. Demand for our solutions has never been higher, as demonstrated by accelerated growth in both bookings and recurring revenue, and we are confident in our plan to deliver robust revenue and AFFO per share growth in …