Stock Monitor: Coupa Software Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 22, 2018 / Active-Investors.com has just released a free earnings report on Equinix, Inc. (REIT) (NASDAQ: EQIX). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EQIX. The Company released its financial results on February 14, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company's quarterly revenues and adjusted funds from operations (AFFO) per diluted share grew 27% and 18% y-o-y, respectively; topping market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Coupa Software Incorporated (NASDAQ: COUP), which also belongs to the Technology sector as the Company Equinix. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Equinix most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

During the three months ended December 31, 2017, Equinix reported revenues of $1.20 billion, which came in above $942.65 million in Q4 FY16. Moreover, the Company's revenue numbers outperformed market expectations of $1.19 billion.

The data center operator reported a net income from continuing operations of $65.22 million, or $0.82 per diluted share, in Q4 FY17 compared to $63.66 million, or $0.88 per diluted share, in the prior year's same period. The Company's AFFO grew to $381.53 million in Q4 FY17 from $293.79 million in Q4 FY16. The Company's AFFO per diluted share also increased 18% to $4.82 y-o-y in Q4 FY17, outperforming market expectations of $4.80.

For the full year FY17, the Redwood City, California-based Company's revenues rose 21% to $4.37 billion from $3.61 billion in FY16. The Company posted AFFO of $1.44 billion in FY17, rising from $1.08 billion in the last year. Furthermore, the Company's AFFO per diluted share grew 23% to $18.53 y-o-y in FY17.

Operating Metrics

In the reported quarter, Equinix's cost of revenues was $619.63 million, up from $465.92 million in Q4 FY16. The Company's gross profit came in at $580.60 million in Q4 FY17 compared to $476.73 million in Q4 FY16. The Company spent $153.61 million on sales and marketing in Q4 FY17 compared to $113.38 million in Q4 FY16. Moreover, the Company's general and administrative expenses were $187.82 million in the reported quarter versus $178.96 million in the last year's comparable quarter.

The Company's income from continuing operations increased to $232.04 million in Q4 FY17 from $184.46 million in the third quarter of FY16. Furthermore, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) stood at $564.84 million, or 47% of revenues, in Q4 FY17 versus $436.49 million, or 46% of revenues, in Q4 FY16.

Geographic Performance

Equinix's Americas region's revenues grew 39% to $606.17 million in the reported quarter from $436.54 million in Q4 FY16. Additionally, the region's adjusted EBITDA came in at $285.82 million in Q4 FY17 compared to $205.69 million in Q4 FY16.

During Q4 FY17, Equinix's Europe, Middle-East, and Africa (EMEA) region reported revenues of $369.63 million, rising 23% from $301.62 million recorded in the prior year's corresponding quarter. Moreover, the region's adjusted EBITDA were $165.06 million in Q4 FY17 versus $127.85 million in Q4 FY16.

Equinix's Asia/Pacific region's revenues were $224.42 million in Q4 FY17 versus $204.48 million in Q4 FY16. Additionally, the region's adjusted EBITDA came in at $113.96 million in Q4 FY17 compared to $102.95 million in Q4 FY16.

Cash Flow and Balance Sheet

During Q4 FY17, Equinix's net cash flow provided by operating activities was $494.88 million compared to $300.62 million in the year ago same quarter. Meanwhile, the Company reported a negative free cash flow of $302.67 million in Q4 FY17 compared to a negative free cash flow of $61.70 million in Q4 FY16.

At the close of books on December 31, 2017, Equinix had a cash, cash equivalents, and restricted cash balance of $1.45 billion versus $773.25 million at the close of books on December 31, 2016. Additionally, the Company's total debt principal outstanding increased to stand at $10.17 billion as on December 31, 2017, from $6.82 billion as on December 31, 2016.

Dividend

In a separate press release on February 14, 2018, Equinix's Board of Directors declared a quarterly cash dividend of $2.28 per share on its common stock. The quarterly common stock dividend will be paid on March 21, 2018, to shareholders of record as on February 26, 2018.

Earnings Guidance

In its outlook for the full year FY18, Equinix expects revenues of more than $5.01 billion, with an adjusted EBITDA greater than $2.39 billion. The Company's AFFO per diluted share is forecasted to be greater than $20.38 in FY18.

For Q1 FY18, the Company anticipates adjusted EBITDA to be in the range of $549 million to $557 million, and revenues to be in the band of $1.20 billion to $1.21 billion.

Stock Performance Snapshot

March 21, 2018 - At Wednesday's closing bell, Equinix's stock marginally dropped 0.82%, ending the trading session at $411.84.

Volume traded for the day: 563.20 thousand shares.

Stock performance in the last month ? up 3.88%; and past twelve-month period ? up 7.42%

After yesterday's close, Equinix's market cap was at $32.27 billion.

Price to Earnings (P/E) ratio was at 667.49.

The stock has a dividend yield of 2.21%.

The stock is part of the Technology sector, categorized under the Internet Software & Services industry.

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