US-based data centre provider Equinix has reported on yet another quarter of growth well into double digits. The business continues to be a key beneficiary of the global expansion in internet traffic, with revenues up 25% year-on-year to $452m in its Q1 and adjusted EBITDA up 29%. The company’s stock is up 10% in after hours trading on NASDAQ, meaning it has gained 62% since the start of 2012.
We’ll have more comment on Equinix’s Q1 once we’ve had a chance to digest the analyst call with the company’s management.