Equinix to spend around $650 million towards data center Capex in 2013

Infotech Lead America: Equinix is planning to spend around $650 million towards capital expenditures (Capex) in 2013.

Out of this, $165 million will be for ongoing capital expenditures and around $485 million for expansion capital expenditures.

In Q4, 2012, Capex of Equinix stood at $210.4 million. $166.9 million was for expansion capital expenditures and $43.5 million was for ongoing capital expenditures.

Equinix’s Capex for 2012 was $764.5 million.

The data center provider is expecting revenues of around $2,200.0 million in 2013.

Meanwhile, Equinix has reported revenues of $1,895.7 million in 2012, up 21 percent over the previous year.

Revenues from operations were $506.5 million for the fourth quarter, up 4 percent. This result included $18.4 million in revenues from the Company’s Asia Tone and ancotel acquisitions for the quarter and excluded $2.8 million of revenues from discontinued operations.

Steve Smith, CEO of Equinix, says its entry into Mainland China, Jakarta and Dubai as well as its continued investment in existing markets enabled the company to have over 7 million of gross square feet of capacity.

Income from operations was $102.0 million for the fourth quarter, up 6 percent over the previous quarter.

Income from operations for the full year was $400.8 million, up 31 percent over 2011.

Net income for the fourth quarter was $44.9 million.


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