Equinix reported first quarter revenues of $199.2 million, four per cent up on the previous quarter and 26% up on the same period last year.

Adjusted earnings were $91.4 million up 9% over Q4 of 08 and up 47% compared with last year's first quarter.

"Equinix delivered strong results in the first quarter despite a challenging economic environment," said Steve Smith, president and CEO of Equinix. "Our commitment to investing in disciplined and measured expansion for our customers will provide us a long-term competitive advantage."

The company also said it opened another 500m2 of space in its Enschede data center in The Netherlands offering 600m2 of rack space housed in the vault of the former De Nederlandsche Bank. The first customer is local internet service provider Echelon. Michiel Eielts, general manager Equinix, Netherlands said: "There is a shortage of colocation space in the Netherlands."


A secure data center

The firm put second quarter revenue expectations at between $206.0 to $210.0 million. Capital expenditure for the second quarter is expected to be $110.0 to $120.0 million, comprised of approximately $20.0 million of ongoing capital expenditures and $90.0 to $100.0 million of expansion capital expenditures.

For the full year of 2009, total revenues are expected to be in the range of $855.0 to $875.0 million.

Total year cash gross margins are expected to range between 62% and 63% and includes incremental costs from expansion of IBX centers opening throughout the remainder of the year.

Capital expenditure for 2009 is expected to range between $325.0 to $375.0 million, comprised of approximately $60.0 million of ongoing capital expenditures and $265.0 to $315.0 million of expansion capital expenditures.

Capital expenditure is for the announced data center expansions in the Amsterdam, Chicago, Frankfurt, Hong Kong, London, Los Angeles, New York, Paris and Singapore markets. Adjusted EBITDA for the year is expected to be between $370.0 and $385.0 million.