Equinix grows Q1 revenues by 10%; Digital Realty by 33%
It’s no secret that the data centre industry is growing, and fast - from the hyperscale all the way to the edge. A report released this week by Canalys found that global cloud infrastructure spending rose by 35%, up to $41.8bn in Q1 of 2021 alone. While we don’t have industry spend figures for edge data centres, the market is similarly booming, with an expected CAGR of around 12.5% between 2020 and 2024.
Equinix, as one of the world’s leading data centre brands (with fingers in both the hyperscale and edge pies) is reflecting this wider trend through its earnings and revenue figures.
The Californian data centre operator announced its , revealing that, year-on-year, it managed to grow its revenues from the past few months by a full 10% - representing the company’s 73rd consecutive quarter or revenue growth.
Equinix also reveals that it is now the market leader for colocation in the Americas, EMEA and APAC after taking the top spot in Asia during the quarter.
"We had a great start to the year, and as businesses continue to navigate towards a post-pandemic world, Equinix is uniquely well-positioned. Digital transformation continues to accelerate, and businesses across a broad range of verticals are recognising that their infrastructure can be a key source of competitive advantage in an increasingly digital world,” commented Equinix’s President and CEO, Charles Meyers.
He added: “Q1 also marked a milestone for Equinix as we are now the market leader in retail colocation in all three regions of the world, taking the number-one spot in Asia-Pacific for the first time. Demand is strong with global IT spend expected to rebound above pre-pandemic levels as enterprises increase hybrid cloud spending, and service providers build out their delivery platforms to tap into this demand."
Meyers also revealed that Equinix’s progress isn’t showing any signs of slowing down. The data centre company has a reported 36 major projects underway across 28 markets and 19 countries - making 2021 one of its most active build years to date. This is likely being contributed to by the whiplash effect being felt throughout the industry this year, as new projects and old ones delayed by the pandemic are set to proceed side by side.
Digital Realty reported revenues for the first quarter of 2021 of $1.1bn, a 3% increase from the previous quarter and a 32% increase from the same quarter last year.
NKG1 opens BDx Nanjing data centre campus
Big Data Exchange (BDx), a pan-Asian data centre company has launched its Nanjing data centre campus in China with the opening of its first facility, NKG1. The company said they “celebrated” the launch of the campus, located in the Yangtze River Delta, one of the nation's richest regions and its largest import and export base.
Following its certificate of completion from the Urban and Rural Construction Bureau of Jiangning District in Nanjing City, the NKG1 campus is “now serving customers”. Construction on the Nanjing campus began in February last year.
"We worked through the challenges of completing a major construction project during the peak of the pandemic because customers were anticipating this launch to support an unprecedented surge of growth and capacity requirements”, said Bill Gao, EVP & Chief Executive Officer of BDx Greater China.
"The launch of NKG1 enables BDx to have new world-class data centre infrastructure in China. It also lays a solid foundation for BDx to provide OTTs, financial services institutions, and Fortune 500 MNC customers with high reliability, high redundancy, and low latency solutions”, he added.
What does the NKG1 data centre include?
According to BDx, the NKG1 facility is the first data centre in the city to earn the Uptime Institute Tier III Certification of Design Documents and offers 4MW of IT power for colocation. NKG1 is powered by two separate 10-kilovolt feeders from two substations that aim to provide the NKG campus with 60MVA of total power sanctioned from the grid.
During COVID-19, BDx says that its design and construction team focused on safety to ensure that the project was completed safely and without incident. This enabled the company to add critical capacity to this region and respond to the accelerated shift to digital environments that caused a surge in demand for data center services. “Research shows that demand hasn't dropped as the economy reopens”, BDx said.
The launch of NKG2
Due to rising demand in China’s data centre market, BDx plans to launch the second phase of its Nanjing campus, NKG2, by the end of this year. “NKG2 is designed to be minimally manned and almost lights-out — a reigning philosophy across BDx's data center cluster. In addition, its highly automated features make for a more sustainable data center environment”, the company said.