{"id":18514,"date":"2020-05-07T01:14:31","date_gmt":"2020-05-07T01:14:31","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/equinix-just-recorded-its-69th-straight-positive-quarter.html"},"modified":"2020-05-07T01:14:31","modified_gmt":"2020-05-07T01:14:31","slug":"equinix-just-recorded-its-69th-straight-positive-quarter","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/equinix-just-recorded-its-69th-straight-positive-quarter.html","title":{"rendered":"Equinix just recorded its 69th straight positive quarter"},"content":{"rendered":"

There\u2019s something to be said for consistency through good times and bad, and one company that has had a staggeringly consistent track record is international data center vendor, Equinix<\/a>. It just recorded its 69th straight positive quarter, according to the company.<\/p>\n

That\u2019s an astonishing record, and covers over 17 years of positive returns. That means this streak goes back to 2003. Not too shabby.<\/p>\n

The company had a decent quarter, too. Even in the middle of an economic mess, it was still up 6% YoY to $1.445 billion and up 2% over last quarter. The company runs data centers where companies can rent space for their servers. Equinix <\/a> handles all of the infrastructure providing racks, wiring and cooling \u2014 and customers can purchase as many racks as they need.<\/p>\n

If you\u2019re managing your own servers for even part of your workload, it can be much more cost-effective to rent space from a vendor like Equinix than trying to run a facility on your own.<\/p>\n

Among its new customers this quarter are Zoom, which is buying capacity all over the place, having also announced a partnership with Oracle<\/a> earlier this month, and TikTok. Both of those companies deal in video and require lots of different types of resources to keep things running.<\/p>\n

This report comes against a backdrop of a huge increase in resource demand for certain sectors like streaming video and video conferencing, with millions of people working and studying at home or looking for distractions.<\/p>\n

And if you\u2019re wondering if they can keep it going, they believe they can. Their guidance calls for 2020 revenue of $5.877-$5.985 billion, a 6-8% increase over the previous year.<\/p>\n

You could call them the anti-IBM. At one point Big Blue recorded 22 straight quarters<\/a> of declining revenue in an ignominious streak that stretched from 2012 to 2018 before it found a way to stop the bleeding.<\/p>\n

When you consider that Equnix\u2019s streak includes the period of 2008-2010, the last time the economy hit the skids, it makes the record even more impressive, and certainly one worth pointing out.<\/p>\n

\n

Equinix completes $3.6 billion deal to buy 29 data centers from Verizon<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/11pDjIfeV34\/<\/p>","protected":false},"excerpt":{"rendered":"

There\u2019s something to be said for consistency through good times and bad, and one company that has had a staggeringly consistent track record is international data center vendor, Equinix. It <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-18514","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t