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Recurring Revenue Business Model Could Drive EQIX’s Profitability

Recurring Revenue Business Model Could Drive EQIX’s Profitability

Equinix’s (EQIX) business comprises interconnection, colocation, and managed IT infrastructure services, based on the recurring revenue model. Customers are charged fixed rates on a recurring basis throughout the term of their contracts. Analysts are optimistic that this trend could continue and boost Equinix’s second-quarter adjusted EBITDA.