Equinix, Inc. (NASDAQ: EQIX) reported Q1 EPS of $0.81, $0.09 better than the analyst estimate of $0.72. Revenue for the quarter came in at $580 million versus the consensus estimate of $574.85 million.

Equinix, Inc. sees Q2 2014 revenue of $594-598 million, versus the consensus of $588.52 million.

Business Outlook

For the second quarter of 2014, the Company expects revenues to range between $594.0 and $598.0 million. Cash gross margins are expected to approximate 68% to 69%. Cash selling, general and administrative expenses are expected to range between $135.0 and $139.0 million. Adjusted EBITDA is expected to range between $267.0 and $273.0 million, which includes $11.0 million in professional fees and costs primarily related to the REIT conversion. Capital expenditures are expected to range between $165.0 and $175.0 million, comprised of approximately $60.0 million of ongoing capital expenditures and $105.0 to $115.0 million of expansion capital expenditures.

For the full year of 2014, total revenues are expected to be greater than $2,395.0 million, or an as-reported greater than 11% year over year growth rate, which includes a positive foreign currency benefit of approximately $7.0 million compared to the rates used from our prior guidance. Total year cash gross margins are expected to approximate 69%. Cash selling, general and administrative expenses are expected to range between $530.0 and $550.0 million. Adjusted EBITDA for the year is expected to be greater than $1,105.0 million, which includes a positive foreign currency benefit of approximately $3.0 million compared to the rates used from our prior guidance, and includes $37.0 million in professional fees and costs primarily related to the REIT conversion. Capital expenditures for 2014 are expected to range between $550.0 and $650.0 million, comprised of approximately $200.0 million of ongoing capital expenditures and $350.0 to $450.0 million for expansion capital expenditures.

The U.S. dollar exchange rates used for 2014 guidance have been updated to $1.37 to the Euro, $1.64 to the Pound, S$1.26 to the U.S. dollar and R$2.28 to the U.S. dollar, and take into consideration the impact of currency hedges where applicable. The 2014 global revenue breakdown by currency for the Euro, Pound, Singapore dollar and Brazilian Real is 15%, 9%, 6% and 4%, respectively.

For earnings history and earnings-related data on Equinix, Inc. (EQIX) click here.