Equinix reported Q2 2019 revenue of $1.385 billion, up 10% over the same period last year and up 2% over the previous quarter. Net income and net income per share attributable to Equinix amounted to $144 million, a 22% increase over the previous quarter, or $1.69 per share.
Equinix partners with Singapore’s GIC on xScale Data Centers in Europe
Equinix has formed a joint venture with GIC, Singapore’s sovereign wealth fund, to develop and operate xScaleTM data centers in Europe. The joint venture is initially valued at over $1 billion.
Equinix said initial facilities in the joint venture will serve the unique core workload deployment needs of a targeted group of hyperscale companies, including the world’s largest cloud service providers. The facilities will be located on or proximate to some of Equinix’s existing IBX campuses.xScale data centers will be managed and staffed by Equinix while ensuring seamless connectivity to the Equinix global platform, providing a consistent experience for the hyperscale companies.
Equinix cites two ways in which the new xScale data centers will provide hyperscale companies a differentiated value proposition from existing wholesale data center operators in two key areas:
xScale data centers will offer access to Equinix’s comprehensive suite of interconnection and edge services. These services will tie into the hyperscale companies’ existing access points at Equinix, thereby increasing the speed of connectivity to their existing and future enterprise customers.
xScale data centers will be engineered to meet the technical and operational requirements and price points of core hyperscale workload deployments. This enables hyperscale companies to consolidate core and access point deployments into one global provider to streamline and simplify their rapid growth.
Equinix has been working for years with hyperscale operators, including Alibaba Cloud, Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure and Google Cloud. Currently, global deployments from the top hyperscale companies exceed $500 million in annual revenue at Equinix, with interconnection-rich retail deployments representing the most rapid growth segment of their deployments.
The cmpanies envision additional new xScale data centers in Amsterdam, Frankfurt (two sites) and London. These initial six facilities, when fully built out, will provide approximately 155 megawatts (MW) of power capacity.