Equinix to join the S&P 500 Index
Global interconnection and data center company selected to help make the Standard & Poor's 500 Index more representative of its market capitalization range
REDWOOD CITY, Calif., March 17, 2015 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it has been added to the S&P 500 index, moving from the S&P MidCap 400. This will take effect after the close of trading on Friday, March 20, and will make each index more representative of its market capitalization range.
"Achieving S&P 500 status is an outstanding accomplishment, and a reflection on the unique role that we play in the broader technology and distributed infrastructure industries," said Steve Smith, CEO for Equinix. "Equinix sits at the middle of several secular trends in the industry including mobility, cloud computing and the Internet of Things, which has helped us grow the company's revenues by 14 percent year-over-year in 2014. Additionally, with our conversion to a REIT, we are well positioned to continue delivering shareholder value in the coming year. The S&P 500 is great validation of what we've worked so hard to achieve."
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. http://www.equinix.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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SOURCE Equinix, Inc.
Released March 17, 2015