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4-Traders Homepage  >  Equities  >  Nasdaq  >  Equinix Inc    

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Equinix Inc : Equinix Builds New Data Center in Zurich; Expands Geneva Facility

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04/12/2012 | 02:10pm CET

Expansion in Switzerland meets customer demand for highly connected and secure data centers

Equinix, Inc. (NASDAQ:EQIX), a provider of global data center services, today announced plans to build a fifth International Business Exchange™ (IBX®) data center in Zurich (ZH5), and expand GV2, one of its Geneva-based data centers. The investments are in response to sustained customer growth and increasing demand for network-dense, secure data centers in Switzerland. The expansion capital required for these projects is already reflected in the company's 2012 guidance.

ZH5, located 6.5 km from Zurich city center, is scheduled for completion in the fourth quarter of 2012 and will provide approximately 420 cabinet equivalents. When completed, the site will provide approximately 6,670 square meters of customer floor space and will be built to Gold LEED standards. The site will be integrated with Equinix's Zurich campus, via fiber ring, offering direct connectivity to more than 75 carriers.

In Geneva, Equinix is adding 720 square meters of new customer space to its GV2 data center. The first phase of GV2, which spread across 835 square meters, sold out in less than two years. The site is one of the highest-density-network locations in the French speaking part of Switzerland, with more than 40 connectivity providers. GV2 received ISO9001 certification for secure access procedures and ISO27001 certification for information security management systems.

In both data centers, Equinix offers its customers access to rich ecosystems and exceptional network density, enabling them to connect to more than 4,000 potential partners, prospects and suppliers via Platform Equinix™. Equinix is seeing strong growth driven by demand in the areas of financial services, cloud and enterprises. Many major brand name customers including SIX Swiss Exchange are already invested in Zurich, as Switzerland continues to thrive as one of the world's largest financial centers and plays a fundamental role throughout the European market.

"We continuously endeavor to expand our state-of-the art IBXs across the globe to ensure our customers have the infrastructure to grow at their own pace," said Marco Dottarelli, Managing Director, Equinix Switzerland. "The expansion in Switzerland underlines Equinix's leadership in the market in terms of connectivity, ecosystems and security."

About Equinix

Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. Platform Equinix connects more than 4,000 enterprises, cloud, digital content and financial companies including more than 690 network service providers to help them grow their businesses, improve application performance and protect their vital digital assets. Equinix operates in 38 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc.

Equinix Media Contact (EMEA)
Text 100
Camille Pomey, +44 (0)20 8846 0789
londonequinix@text100.com


© Business Wire 2012
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Financials ($)
Sales 2016 3 614 M
EBIT 2016 612 M
Net income 2016 120 M
Debt 2016 4 504 M
Yield 2016 2,12%
P/E ratio 2016 200,67
P/E ratio 2017 65,90
EV / Sales 2016 7,78x
EV / Sales 2017 6,96x
Capitalization 23 604 M
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Average target price 412 $
Spread / Average Target 25%
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Stephen M. Smith President, Chief Executive Officer & Director
Peter F. van Camp Executive Chairman
Charles J. Meyers Chief Operating Officer
Keith D. Taylor Chief Financial Officer
Ihab S. Tarazi Chief Technology Officer
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