CAPRE’s Digital Infrastructure Weekly Round-Up & Summary: Equinix, Microsoft, Flexential Pushing Past Pandemic

Interxion is Officially Part of Digital Realty: Digital Realty Trust closed on its biggest transaction in history in early March -- the $8.4 Billion USD acquisition of the European data center behemoth Interxion. DRT expects to generate $75 Million USD in rent revenue per year, not including Interxion’s revenue – which it projects to come in at $10 Million USD annually. “We have obviously had to adapt to the current environment. The transaction closed on March 13, and we began sheltering in place the following week,” Bill Stein, Digital Realty CEO, was quoted as saying on his firm’s first-quarter earnings call, which revealed that Digital Realty posted $823 Million USD in revenue for the quarter, 1 percent% year-over-year increase. Equinix Pushing Through Pandemic to Post Solid Performance: Equinix has reported a 6% year-over-year increase in revenue for the first quarter of 2020, clocking in at $1.44 Billion USD in revenue. This is Equinix’s 69th consecutive quarter of revenue growth. Still, Equinix is not immune to some headwinds from the COVID-19 pandemic, conceding that they experienced “lighter” bookings from new customers as the Pandemic intensified. The data center giant cited slight dip to the inability of their sales team to meet face-to-face with clients. New Zealand to Welcome First Microsoft Data Center, Invest in Northern Italy: Microsoft will open its first data center in New Zealand, assuming that the New Zealand Overseas Investment Office offers its blessing. Microsoft, who in its…