Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) reported results for the quarter and year ended December 31, 2021.

In 2021, Equinix saw revenues amount to $6.636 billion, 11% higher over the previous year on an as-reported basis or 8% on a normalized and constant currency basis.

Operating Income for 2021 amounted to $1.108 billion, marking a 5% increase from the previous year. The annual operating margin was 17%, largely due to strong operating performance and lower acquisition costs offset in part by increased investments to support the expanded scale and reach of the business.

Net income for 2021 was $500 million, staging a 35% increase from the previous year, primarily due to lower interest expense and debt extinguishment costs related to balance sheet refinancing initiatives.

In terms of outlook, the company forecasts revenues for 2022 to be in the $7.202 – $7.252 billion range, up 9% from the previous year. For the first quarter of 2022, Equinix expects revenues to range between $1.726 and $1.746 billion, an increase of 2% quarter-over-quarter at the midpoint on both an as-reported and normalized and constant currency basis. This guidance includes a negative foreign currency impact of $3 million when compared to the average FX rates in Q4 2021.

The board of directors of Equinix has declared a quarterly cash dividend of $3.10 per share on its common stock. The quarterly common stock dividend will be paid on March 23, 2022 to shareholders of record on March 7, 2022.