Regardless of macroeconomic volatility, Equinix sees progress as funding in cloud-enabled digital transformation continues
Wanting again a decade, Equinix President and CEO Charles Meyers recalled service suppliers centered on networks and hyperscalers starting what would change into an unimaginable progress interval. Because the world of networks and cloud computing comes along with the deployment of 5G and edge computing infrastructure, he noticed Jan. 4 on the Citi 2023 Communications, Media and Leisure Convention hat the world of cloud and community service suppliers “may be very completely different…Now you face a world the place the vary of service suppliers who’re delivering as-a-service worth propositions to the broader enterprise group as a complement to the IT architectures or as a elementary a part of the IT architectures..is gigantic.”
For Equinix’s information middle, interconnection and co-location enterprise, because of this the emergent clients of the 2010s are actually large clients. That mentioned, Meyers famous that Equinix doesn’t have any single buyer that generates greater than 3% of the agency’s income.
Requested by Citi’s Mike Rollins about 2023 strategic working priorities, Meyers mentioned, “What we’re centered on is continuous to press the benefit that I believe we’ve got in our core retail colo and interconnect enterprise all over the world…the place I believe we’re the clear chief…Actually urgent the benefit.”
He asserted that hybrid and multi-cloud working fashions have gotten “the structure of alternative,” and that macroeconomic headwinds round inflation and different elements aren’t slowing cloud-enabled digital transformation developments. Taking a look at 2022, Meyers mentioned, “The demand atmosphere for digital transformation continued to realize momentum. And the dedication to distributed infrastructure…has been actually, I believe, very clear…I believe regardless of peoples’ issues a few slight slowing within the progress price of the cloud suppliers, there’s nonetheless a heavy motion to the cloud.”
On Equinix’s enterprise enterprise, Meyers mentioned gross sales have “dramatically outperformed the broader portfolio…as individuals go from IT the way in which it was completed earlier than and now to extra cloud-centric, cloud-enabled architectures.”
Requested by Citi’s Mike Rollins if the macroeconomic image has stifled enterprise funding into cloud-backed options, Meyers mentioned it’s not a shock to Equinix clients that the financial system is the place it’s at present. And, “They appear deeply dedicated to their digital transformation agenda…It’s elementary to their capability to distinguish of their markets, it’s elementary to their capability to do extra with much less, it’s elementary to the way in which they retool how they work…We’ve seen them be very dedicated to that. And I believe they see that we will play a specific function in serving to speed up that and acquire leverage by being abler to successfully use all of the cloud assets at their disposal.”