Equinix, Inc. (NASDAQ:EQIX) Q4 2019 Earnings Conference Call - Final Transcript

Feb 12, 2020 • 05:30 pm ET


Equinix, Inc. (NASDAQ:EQIX) Q4 2019 Earnings Conference Call - Final Transcript


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Good afternoon, and welcome to the Equinix Fourth Quarter Earnings Conference Call. All lines will be able to listen-only until we open-up for questions. Also, today's call is being recorded. If there is anyone that has objection, please disconnect at this time.

I'd now like to turn the call over to Katrina Rymill, Vice President of Investor Relations. You may begin. Thank you.

Katrina Rymill

Thank you. Good afternoon and welcome to today's conference call.

Before we get started, I'd like to remind everyone that some of the statements we'll be making today are forward-looking in nature and involve risks and uncertainties. Actual results may vary significantly from those statements and maybe affected by the risks we identified in today's press release and those identified in our filings with the SEC, including our most recent Form 10-K filed on February 22nd, 2019 and 10-Q filed on November 1st, 2019. Equinix assumes no obligation and does not intend to update or comment on forward-looking statements made on this call. In addition, in light of regulation for disclosure, it is Equinix's policy not to comment on its financial guidance during the quarter, unless it is done through an exclusive public disclosure.

In addition, we will provide non-GAAP measures on today's conference call. We provide a reconciliation of those measures to the most directly comparable GAAP measures and the list of the reasons why the company uses these measures in today's press release on the Equinix IR page at www.equinix.com. We have made available on the IR page of our website a presentation designed to accompany this discussion along with certain supplemental financial information and other data. We'd also like to remind you that we post important information about Equinix on the IR page from time-to-time and encourage you to check our website regularly for the most current available information.

With us today are Charles Meyers, Equinix's CEO and President and Keith Taylor, Chief Financial Officer. Following their prepared remarks, we'll be taking questions from sell-side analysts. In the interest of wrapping this call within an hour, we'd like to ask these analysts to limit any following question to just one.

At this time, I'll turn the call over to Charles.

Charles J. Meyers

Thanks, Kat. Good afternoon and welcome to our fourth quarter earnings call. We had a strong finish to 2019 and the momentum within the team and across the business is clearly evident, reflecting solid execution of our strategy and indicative of the tremendous opportunity in front of us. We closed over 17,000 deals in 2019, demonstrating the extraordinary scale of our retail go-to-market engine and the differentiated nature of the Equinix value proposition.

The pace of digital transformation continues to accelerate, creating seismic shifts across industries as businesses embrace interconnection as critical to their infrastructure strategy and adopt hybrid and multi-cloud as the clear architecture of choice. The secular forces driving demand for digital infrastructure are as strong as ever. Data is being created, moved, analyzed and stored at unprecedented levels. These dynamics are expanding