Equinix (EQIX) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose versus the prior quarter and increased compared with the same quarter last year. The trend shows sequential growth and a larger gain on an annual basis.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose versus the prior quarter and increased compared with the same quarter last year. The trend shows sequential growth and a larger gain on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+18.9%
Change from the immediately preceding quarter.
Year-over-year
+28.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.8B | +9.6% |
| Sep 30, 2022 | $1.8B | +9.9% |
| Dec 31, 2022 | $1.9B | +9.6% |
| Mar 31, 2023 | $2.2B | +28.3% |
Revenue performance
The reported revenue moved higher from the immediately preceding quarter, continuing the upward trajectory seen in recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also posted a notable increase. The sequential and annual comparisons both reflect higher revenue levels.
What to watch
Filing context is empty of specific explanatory factors; future filings could provide further detail on the drivers behind the revenue changes.