Analysts at RBC Capital provided a review on Equinix, Inc. (NASDAQ:EQIX) following their meeting with the company’s CFO Keith Taylor and Director of IR Chip Newcom, who feel even more confident about demand tailwinds than at the time of the company's Analyst Day.

Management expects the strong bookings seen in 2021 to continue into 2022, supported by a strong, broad-based pipeline of enterprise demand and lower churn. 2021 revenue growth of 9-10% was driven by volume notably in the Americas, which grew 10%, or roughly double the rate of the previous year, supported by service provider activity.

Management views 2022 as a transition year and feels confident of achieving 50% EBITDA margins by 2025 as it reaps the benefits of the efficiency investments from the past few years and investments in areas such as digital services (e.g., bare metal) and xScale.