Equinix, GoDaddy, Hortonworks deliver solid results
Data center hosting and cloud exchange provider Equinix delivered first quarter results that were better than expectations and raised its outlook.
Equinix reported a first quarter net loss of $37.3 million, or 55 cents a share, on revenue of $844.2 million, up 16 percent from a year ago. Revenue got a boost from the acquisitions of Bit-isle and Telecity.
Funds from operations were $209.8 million, or $2.98 a share. Wall Street was looking for $2.26 a share on revenue of $841 million.
For 2016, the company projected revenue from continuing operations of $3.59 billion, up 32 percent from a year ago and adjusted EBITDA of $1.65 billion. Second quarter sales are expected to be between $893 million and $899 million. That guidance was ahead of expectations.
Equinix had a few moving parts in the quarter as it divested data centers to win approval for its acquisitions.
Steve Smith, president and CEO of Equinix, said the company continues "to see strength in all three regions as the scale of our global platform addresses the growing demand for businesses as they move to distributed infrastructure environments and re-architect their IT delivery to better interconnect people, locations, clouds and data."
GoDaddy reported a first quarter net loss of $18.3 million on revenue of $433.7 million, up 15 percent from a year ago.
The company said it had 14.1 million customers at the end of the quarter and the average revenue per user checked in at $123.
CEO Blake Irving said small business demand was strong for GoDaddy's various services. Domain revenue accounted for the biggest chunk of first quarter sales followed by hosting revenue and business applications.
For the second quarter, Go Daddy projected revenue between $448 million and $452 million. For 2016, GoDaddy is projecting revenue of $1.83 billion to $1.84 billion. The first quarter results and outlook were in line with expectations.
Hortonworks, which provides open source big data tools, reported a first quarter net loss of $65.8 million, or $1.26 a share, on revenue of $41.3 million, up 85 percent from a year ago. On a non-GAAP basis, Hortonworks lose 68 cents a share.
The company landed a bevy of new customers in the quarter and projected second quarter non-GAAP revenue to be about $45 million. For 2016, Hortonworks said its non-GAAP revenue will be about $190 million.
Hortonworks' results and outlook for second quarter were in line with expectations.