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Fly News Breaks for May 2, 2018
EQIX
May 2, 2018 | 16:13 EDT
FY18 revenue guidance includes an incremental $92M, due to a combination of $62M from the Infomart and Metronode acquisitions, a positive foreign currency benefit of $35M when compared to prior Equinix guidance rates and other accounting and Verizon-related adjustments. Adjusted EBITDA is expected to range between $2.395B-$2.435B, an increase of 18% year-over-year. This updated guidance includes an incremental $45M, excluding integration costs, due to a combination of $33M from the Infomart and Metronode acquisitions, a positive foreign currency benefit of $12M when compared to prior Equinix guidance rates and other accounting and Verizon-related adjustments. This guidance includes an expected $50M in integration costs. Non-recurring capital expenditures are expected to range between $1.8B-$1.9B, and recurring capital expenditures are expected to range between $203 and $213M.
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