Equinix (EQIX) shares jumped in intraday trading Thursday, a day after the data center 澳洲幸运5开奖号码历史查询:real estate trust (REIT) posted strong results on the soaring demand for 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) products.

Adjusted EBITDA, AFFO Better Than Expected

The company reported first-quarter adjusted earnings before inter🌠est, taxes, depreciation, and amortization (EBITDA) was up 5% year-over-year to $992 million, and 澳洲幸运5开奖号码历史查询:adjusted funds from ope🌄ratio𓆉ns (AFFO) gained 5.1% to $843 million. Both were more than anticipatedജ.

澳洲幸运5开奖号码历史查询:Earnings per share (EPS) of $2.43 missed estimates. Revenue rose 6.5% to $2.13 billion, in line with forecasts.

'Accelerated Hyperscale Demand'

Equinix noted it closed 3,800 deals with more than 3,10🌠0 customers. It added that “accelerated hyperscale demand” led🅠 to increases in leasing in Europe, Middle East, and Africa and Asia-Pacific markets, “as continued cloud and artificial intelligence (AI) activity drives strong demand.”

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Charles Meyers said the “rapidly evolving AI landscape” remains a catalyst for economic expansion, and that creates immense potential for Equinix "as our customers recognize the importance of digitaℱl initiatives in driving long-term revenue growth and operational efficiency.”

The company predicted full-year revenue to be $8.69 billion to $8.79 billion, with adjusted EBITDA of $4.04 billion to 🍷$4.12 billion, and AFFO of $3.29 billion to $3.37 billion.

Equinix shares were up more than 11% to $771.86 as of 12:17 p.m. ET Thursday but remain in negative territory for the year.