Equinix's (EQIX) Q2 AFFO Beat on Solid Demand, Revenues Rise

Equinix Inc.'s (EQIX) second-quarter 2024 adjusted funds from operations (AFFO) per share of $9.22 surpassed the Zacks Consensus Estimate of$8.82. The figure improved nearly 14.7% from the prior-year quarter. Results displayed 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 472,300, rising 4% year over year. The company also revised its outlook for 2024. Total quarterly revenues c ...