Equinix Reports Fourth Quarter And Year-End 2012 Results
Reported 2012 annual revenues from continuing operations of $1,895.7 million, a 21% increase over the previous year.
Equinix, Inc. has reported quarterly and year-end results for the period ended December 31, 2012. The company uses certain non-GAAP financial measures, which are described further below and reconciled to the most comparable GAAP financial measures after the presentation of our GAAP financial statements.
The quarterly and year-end results for the period ended December 31, 2012 include the results of Asia Tone Limited and ancotel GmbH from July 2012, the date that both of these data center providers were acquired by the company. Due to the Company’s sale of 16 International Business Exchange data centers located throughout the United States to an investment group consisting of 365 Main, Crosslink Capital and Housatonic Partners in a transaction for net proceeds of $76.5 million, the financial results derived from these 16 data centers are excluded from Equinix’s continuing operations and are reported as discontinued operations. As a result, the company has retroactively adjusted its financial results for all applicable prior periods beginning April 30, 2010, the date the company acquired these assets, through November 1, 2012, the date the sale was closed, to reflect them as discontinued operations as required under accounting principles generally accepted in the United States of America.