Equinix forecasts quarterly revenue above estimates on steady demand

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Equinix forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by steady demand for its data center services amid the continuing surge in artificial intelligence boom.

Data centers are crucial in supporting AI, as the technology requires massive computing power.

The company also raised its annual revenue and adjusted funds from operations forecasts.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Center Expects Services Equinix Revenue Billion Fourth-quarter Demand Adjusted Estimates Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 06:56:25 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 289 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23342968

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