Equinix (EQIX) reported fiscal Q1 adjusted funds from operations on Wednesday of $9.67 per diluted share, compared with $8.86 a year earlier.

Analysts polled by FactSet expected $9.04.

Revenue for the quarter ended March 31 was $2.23 billion, compared with $2.13 billion a year earlier.

Analysts surveyed by FactSet expected $2.22 billion.

The real estate investment trust revised its 2025 outlook, now expecting adjusted FFO of $37.36 to $38.17 on $9.18 billion to $9.28 billion in revenue compared with its prior outlook for adjusted FFO of $36.69 to $37.51 on $9.03 billion to $9.13 billion in revenue.

Analysts surveyed by FactSet expected $37.29 and $9.13 billion, respectively.

For Q2, the company is projecting revenue of $2.24 billion to $2.26 billion. Analysts polled by FactSet expect $2.26 billion.

Separately, the company maintained a quarterly dividend of $4.69 per share, payable June 18 to shareholders of record on May 21.