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Equinix reports $3.5bn in gross profit as yearly revenue breaks record
The REIT’s financial report beats analysts’ estimates and pushes the group’s market cap closer to US$70 billion.
By João Marques Lima
Founder and Editor, The Tech Capital
6 Mins
February 16, 2023 | 11:22 AM GMT
Charles Meyers, president and CEO of Equinix. Source: Equinix
Publicly traded digital infrastructure REIT Equinix (NASDAQ: EQIX) has reported a gross profit of US$3.51 billion for the year of 2022, up from US$3.16 billion the previous 12 months.
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