Equinix Starts 2018 on Mixed Note; Revenue Growth Remains Strong
Equinix reported a mixed first quarter, as the firm’s top line came in line with consensus, adjusted EBITDA beat expectations, and the bottom line fell below the Street expectations. Despite the bottom line miss, we continue to be pleased with the firm’s revenue growth across verticals and regions, as it expands its customer base at a solid pace. The firm also extended its data center footprint to 200 data centers in 52 metro areas around the globe, giving it unmatched global scale. We maintain ...Equinix provides colocation space and related offerings. The company operates International Business Exchange? (IBX?) data centers across the Americas; Europe, Middle East and Africa and Asia-Pacific geographic regions where customers directly interconnect with a network ecosystem of partners and customers. The company's data center solutions include IBX Data Centers and xScale Data Centers. The company's Interconnection Solution connect businesses within and between its data centers across its global platform. The company's edge services help businesses deploy as-a-service networking, security and hardware across its data center footprint, as an alternative to buying, owning and managing the physical infrastructure.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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