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Digital transformation fuels Equinix’s business

Equinix has 2 data centers in Bulgaria powered by 100% green energy
(photo: Equinix)

Digital infrastructure and interconnection services provider Equinix reported nearly $2 billion in revenue for the first quarter of 2023, a 15% increase compared to the same period last year.

For the whole of 2023, the company expects the increase in total revenues to vary between 13-14% compared to the previous year. Demand for digital transformation services fuels Equinix’s business as the company empowers customers to access key locations, partners and solutions.

During the quarter, Equinix closed approximately 4,000 transactions with more than 3,000 customers. Currently, the company has 210 on-ramps in 46 markets. More than half of the metropolitan areas in which Equinix operates now offer two or more direct cloud connectivity options with major cloud providers.

Equinix has 2 data centers in Bulgaria – SO1 and SO2. The second was opened in 2019, with an investment worth 19 million dollars. The building is powered by 100% green energy – a practice imposed by the first Equinix center in Sofia since 2016.

Meanwhile, Equinix announced a new milestone of 30 TB/s (terabytes per second) peak traffic in its global data centers – the highest of any company in the industry. That’s the equivalent of streaming 10 million high-definition shows simultaneously on Netflix, or having 25 million video calls simultaneously

Equinix’s global platform spans 248 data centers in 71 urban areas in 32 countries with 50 major projects under construction, including a $50 million investment in Montreal, support for five new solar farms in Spain and construction of a new data center in Barcelona .

Equinix continues to expand its portfolio of data center services with four sites in Frankfurt, Paris, Singapore and Sydney and four newly approved projects in Frankfurt, Lagos, Melbourne and Rio de Janeiro. The company is running 10 xScale projects, which are expected to provide more than 90 megawatts of capacity once open.

During the quarter, Equinix participated in creating one of the most powerful quantum computers available to businesses around the world. Quantum Computing-as-a-Service (QCaaS) offers computing capabilities that are 158 million times faster than the best options available today.

Generative artificial intelligence (Generative AI) is also in the focus of the company. Businesses can take advantage of AI capabilities without having to build their own $100 million state-of-the-art data center to train their own AI model.

Despite economic fluctuations, the cloud industry has proven resilient and stable because businesses continue to invest in building critical digital infrastructure: from powering global financial markets and supporting essential services to frontline service providers and their digital presence and connectivity, highlights Equinix’s financial report.

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