Attributes 169 Percent Revenue Growth to Increasing Customer Demand for Cloud and Financial Services
REDWOOD CITY, CALIF. – November 14, 2013 – Equinix, Inc. (NASDAQ:EQIX, news, filings), the global interconnection and data center company, today announced it ranked 433rd on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This is the fourth consecutive year that Equinix has been included on the list. The Deloitte Technology Fast 500 ranks companies based on percentage of fiscal year revenue growth from 2008 to 2012, and Equinix grew 169 percent during this period.
Highlights / Key Facts
- This is the fourth year in a row that Equinix has made the Technology Fast 500 list. Equinix previously ranked 271st in 2012, 271st in 2011, and 307th in 2010. The company also made the Technology Fast 500 list in Europe in 2007.
- Overall, 2013 Technology Fast 500 companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
- Charles Meyers, COO, Equinix:
"As the interconnection platform for the world's leading businesses, Equinix continues to deliver superior value to service providers and enterprises who rely on their data center provider for network density, application performance, global reach and mission critical reliability. Customers can now access the world's leading cloud services inside Equinix, and rapid cloud adoption represents an exciting new growth opportunity for our business. We are proud to be recognized by Deloitte as a rapidly growing tech company for the fourth consecutive year."
- Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader:
"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation. This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."
- James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP:
"The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront. The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."
About Deloitte's 2013 Technology Fast 500
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Equinix, Inc. (NASDAQ: EQIX), connects more than 4,400 companies directly to their customers and partners inside the world's most networked data centers. Today, businesses leverage the Equinix interconnection platform in 31 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.