Reported about 12 hours ago
Equinix has revised its revenue forecast for 2025 downwards due to delays in closing a major deal and adverse foreign exchange impacts, as stated by CEO Adaire Fox-Martin. The company now anticipates fiscal 2025 revenue to be between $9.21 billion and $9.33 billion, slightly lower than previous estimates. Despite efforts to expand within the AI sector, Equinix remains dependent on enterprise clients whose spending may vary amid economic uncertainty. The company also reported mixed results for Q3, with revenue falling short of analyst expectations.
Source: YAHOO