Annual revenues for world-wide data center services supplier Equinix jumped 68% to $704 million for 2008.

For the fourth quarter ended December 31 2008 revenues were $190.7 million.

Recurring revenues, consisting primarily of colocation, interconnection and managed services were $182.8 million for the fourth quarter, a 5% increase over the previous quarter, and $670.1 million for the year, a 68% increase over 2007.

Non-recurring revenues were $7.9 million in the quarter and $34.6 million for the year-ended December 31, 2008.

Operating income for the fourth quarter was $11.6 million which was added to a tax benefit from releasing valuation allowances for US and Australian operations which resulted in a $104 million benefit. Profit for the year was $131.5 million or $27 million excluding the tax benefit.

"Equinix delivered exceptional results in 2008, creating a strong platform for continued growth in 2009," said Steve Smith, president and CEO of Equinix. "Although we continue to closely monitor our leading indicators, we believe that strong day-to-day execution, a fully funded expansion plan, and a continued focus on customer requirements will help us navigate through this challenging economic environment."

Highlights for 2008 included: Plans for incremental expansions to the company's Los Angeles 1 and Chicago 2 IBX centers increasing the net sellable cabinets by approximately 700. The company will spend approximately $35.0 million in expansion capital expenditures, of which $4.0 million was spent in 2008; Completed expansions in the Singapore and Sydney markets, adding approximately 1,100 cabinets in Asia-Pacific; Plans announced for a fourth-phase expansion to the Company's Hong Kong 1 IBX center, adding 200 net sellable cabinets. The Company will spend approximately $7.5 million in expansion capital expenditures.

For the first quarter of 2009, the company expects revenues to be in the range of $198.0 to $200.0 million.
Full details of the results can be found here