The U.S. dollar exchange rates used for Q4 2013 guidance have been
updated to $1.35 to the Euro, $1.60 to the Pound, S$1.24 to the U.S.
dollar and R$2.18 to the U.S. dollar. Updated Q4 global revenue
breakdown by currency for the Euro, Pound, Singapore dollar and
Brazilian Real is 15%, 9%, 6% and 4%, respectively.
Company Metricsand Q3 Results Presentation
The Company will discuss its results and guidance on its quarterly
conference call on Wednesday, October 23, 2013, at 5:30 p.m. ET (2:30
p.m. PT). A simultaneous live Webcast of the call will be available on
the Equinix investors website located at www.equinix.com/investors.
To hear the conference call live, please dial 1-210-234-8004 (domestic
and international) and reference the passcode (EQIX). A presentation to
accompany the call as well as the Company’s Non-Financial Metrics
tracking sheet, will also be available on the website.
A replay of the call will be available beginning on Wednesday, October
23, 2013, at 7:30 p.m. (ET) through Friday, November 22, 2013, by
dialing 1-203-369-0250 (domestic and international) and reference the
passcode (2013). In addition, the webcast will be available on the investors
section of the Company’s website over the same time period. No password
is required for the replay or the webcast.
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,400 companies
directly to their customers and partners inside the world’s most
networked data centers. Today, businesses leverage the Equinix
interconnection platform in 31 strategic markets across the Americas,
EMEA and Asia-Pacific. www.equinix.com.
Non-GAAP Financial Measures
Equinix provides all information required in accordance with generally
accepted accounting principles (GAAP), but it believes that evaluating
its ongoing operating results may be difficult if limited to reviewing
only GAAP financial measures. Accordingly, Equinix uses non-GAAP
financial measures, such as adjusted EBITDA, cash cost of revenues, cash
gross margins, cash operating expenses (also known as cash selling,
general and administrative expenses or cash SG&A), adjusted EBITDA
margins, free cash flow, adjusted free cash flow, discretionary free
cash flow and adjusted discretionary free cash flow to evaluate its
operations. In presenting these non-GAAP financial measures, Equinix
excludes certain items that it believes are not good indicators of the
Company's current or future operating performance. These items are
depreciation, amortization, accretion of asset retirement obligations
and accrued restructuring charges, stock-based compensation,
restructuring charges, impairment charges and acquisition
costs. Legislative and regulatory requirements encourage use of and
emphasis on GAAP financial metrics and require companies to explain why
non-GAAP financial metrics are relevant to management and investors.
Equinix excludes these items in order for Equinix's lenders, investors,
and industry analysts who review and report on the Company, to better
evaluate the Company's operating performance and cash spending levels
relative to its industry sector and competitors.