Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has reported its financial results for the quarter ended June 30, 2022, with revenues and profits marking a rise from the previous quarter.

• Revenues for the second quarter of 2022 amounted to $1.8 billion, a 5% increase over the previous quarter. The result includes a negative $20 million foreign currency impact when compared to prior guidance rates.
• Operating Income for the second quarter of 2022 amounted to $318 million, a 19% increase over the previous quarter.
• Net Income amounted to $216 million, a 47% increase over the previous quarter, primarily due to strong operating performance and a favorable tax settlement.
• Adjusted EBITDA amounted to $860 million, an 8% increase over the previous quarter.

Charles Meyers, President and CEO of Equinix, commented:

“With record Q2 gross bookings that sizably surpassed the prior peak, Equinix had an outstanding first half of 2022, and our business continued to deliver strong and consistent results. The demand environment and our pipeline remain robust despite a complex global macroeconomic and political landscape, as we continue to enable digital leaders on their transformation journey.”

In terms of business achievements, Equinix notes that 49 major projects are currently underway across 34 metros in 21 countries, including new data center builds in Dublin, Montréal, New York, Paris, Warsaw and the company’s first build in Chennai, India.

In May, Equinix closed the acquisition of four data centers from Empresa Nacional De Telecomunicaciones S.A. (Entel), a leading Chilean telecommunications provider (the “Entel Chile Acquisition”), extending Platform Equinix® into Chile and bringing its global footprint to 70 metros across 31 countries.

Equinix expects to close on the acquisition of one additional data center from Entel to enter Lima, Peru, in Q3.

Equinix continued the growth of its indirect selling initiatives, with channel sales delivering a fifth consecutive quarter of record bookings, accounting for over 35% of Q2 bookings and nearly 60% of new logos in the quarter. Wins were across a wide range of industry verticals and use cases, with continued strength from strategic partners including AT&T, Cisco, Dell, Google, Microsoft and Orange Business Services.

For the third quarter of 2022, the Company expects revenues to range between $1.827 and $1.847 billion, a 1 – 2% increase over the prior quarter on both an as-reported and normalized and constant currency basis. This guidance includes a negative $12 million foreign currency impact when compared to the average FX rates in Q2 2022.

Adjusted EBITDA is expected to range between $831 and $851 million. Adjusted EBITDA includes a negative $5 million foreign currency impact when compared to the average FX rates in Q2 2022 and $9 million of integration costs from acquisitions.

Recurring capital expenditures are expected to range between $42 and $52 million.