Equinix (EQIX) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose slightly from the prior quarter but fell compared to the same quarter a year ago. The trailing twelve-month revenue remained steady.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter rose slightly from the prior quarter but fell compared to the same quarter a year ago. The trailing twelve-month revenue remained steady.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
-4.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
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, 2023 | $2B | +11.1% |
| Sep 30, 2023 | $2.1B | +12.0% |
| Dec 31, 2023 | $2.1B | +12.8% |
| Mar 31, 2024 | $2.1B | -4.4% |
Revenue performance
Quarterly revenue increased relative to the immediately preceding period, continuing the sequential growth trend seen in earlier quarters.
Quarterly comparison
Compared with the same quarter one year earlier, revenue declined, reversing the year-over-year growth pattern observed in the prior three quarters.
What to watch
The year-over-year decline after a series of prior increases may warrant monitoring of revenue trends in upcoming quarters.