Earlier this week, digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) hosted its Analyst Day event where it presented information regarding Equinix’s long-term revenue and AFFO/share outlook.

During the event, Equinix shared that it expects revenue to grow by approximately 8% – 10% per year through 2027 with approximately $12 billion in revenue by 2027. Equinix expects approximately 7% – 10% AFFO per share growth and 10% dividend per share growth each year from 2023 through 2027.

Let’s note that in the first quarter of 2023, Equinix’s revenues amounted to approximately $2.0 billion, marking a record quarter-over-quarter step up of $127 million or a 7% increase over the previous quarter.

Operating income totalled $384 million, a 36% increase over the previous quarter, due to strong operating performance and flat quarter-over-quarter SG&A spend and an operating margin of 19%.

Net income reached $259 million, a 101% increase over the previous quarter, primarily due to higher income from operations and lower net interest expense.