Equinix's (EQIX) Q4 AFFO Beat on Solid Demand, Revenues Rise

Equinix Inc.’s (EQIX) fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $7.30 surpassed the Zacks Consensus Estimate of $7.25. The figure improved nearly 3% from the prior-year quarter.EQIX’s results reflect steady growth in colocation and inter-connection revenues on the back of strong demand for digital infrastructure. During the quarter, Equinix’s total interconnections reached 462,200, rising 3% year over year. The company also issued an outlook for 2024.Total quarterly revenues cam ...