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Equinix Lowers 2025 Revenue Forecast Due to Deal-Closure Delays
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Heartspace News Desk
•Source: Reuters
TL;DR
TL;DR: Equinix adjusted its fiscal year 2025 revenue forecast to $9.21-9.33 billion due to unfavorable foreign exchange rates and a delay in closing a major deal involving leasing an entire campus to one client. The complexity of this large transaction is taking longer than expected to finalize, potentially pushing its completion into the next fiscal year.
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Key takeaways
- Equinix has revised its annual revenue forecast downward, as reported by Reuters, attributing the adjustment to both foreign exchange headwinds and delays in closing a significant transaction
- CEO Adaire Fox-Martin explained that the delayed transaction involves leasing an entire campus to a single client
- Due to the transaction's scale and complexity, its completion is taking longer than initially anticipated
Equinix has revised its annual revenue forecast downward, as reported by Reuters, attributing the adjustment to both foreign exchange headwinds and delays in closing a significant transaction.
CEO Adaire Fox-Martin explained that the delayed transaction involves leasing an entire campus to a single client. Due to the transaction's scale and complexity, its completion is taking longer than initially anticipated. Consequently, Equinix has proactively adjusted its fiscal year 2025 revenue guidance to a range of $9.21 billion to $9.33 billion, reflecting the possibility of the deal closing in the subsequent fiscal year.
Related Topics
Equinixdata centerrevenue forecastdeal closurefinancial performance
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