Equinix Inc

Strong Q1 Performance: Equinix reported Q1 revenues of $2.2 billion, marking an 8% year-over-year growth (excluding power pass-through effects). Adjusted EBITDA increased to 48% of revenues, and AFFO per share grew 9% year-over-year, prompting the company to raise their guidance for the year across key financial metrics. This indicates strong operational execution and demand for digital infrastructure.

Booking Momentum and Customer Demand: The company experienced better-than-expected bookings in Q1, with over 4,100 deals across more than 3,200 customers. This strong sales performance is expected to translate into recurring revenue growth over the remainder of 2025, supported by existing customer relationships and new deployments, particularly in AI and cloud services.

Strategic Initiatives Enhancing Efficiency: Equinix is focusing on three strategic moves: "Serve Smarter," aimed at optimizing resources for customers; "Solve Smarter," to simplify solutions; and "Build Boulder," focusing on larger infrastructure investments. These initiatives supported improved deal conversion, shorter sales cycles, and increased customer satisfaction, which contributed to a healthy recurring revenue trajectory.