Equinix Inc (NASDAQ: EQIX) stock rose over 1.4% on 9 Aug, (as of 12:42 PM GMT-4; Source: google finance) after the company in the second quarter of FY 18 has reported the funds from operations of $5.37 per shares, beating the analysts’ estimates for the funds from operations of $5.06 per share. The company’s quarterly revenues grew 18% year-over-year to $1.262 billion, which is a 9% year-over-year increase on a normalized and constant currency basis

For the third quarter of 2018, EQIX expects the revenues to range between $1.272 and $1.282 billion, which is an increase of 1% quarter-over-quarter, or a normalized and constant currency growth rate of approximately 2%. This projection includes a negative foreign currency impact of $14 million when compared to the average FX rates in Q2 2018. The adjusted EBITDA is expected to range between $591 and $601 million, which includes a $9 million negative foreign currency impact when compared to the average FX rates in Q2 2018, higher seasonal utilities costs and $15 million of integration costs from acquisitions. Recurring capital expenditures are expected to be in the range between $56 and $66 million.

For the full year of 2018, total revenues are expected to be in the range between $5.037 and $5.077 billion, which is an increase of 16% year-over-year, or a normalized and constant currency growth rate of approximately 9%. This updated guidance includes a raise of full year revenues guidance of $10 million, offset by a negative foreign currency impact of $55 million when compared to prior EQIX guidance rates. The adjusted EBITDA is expected to range between $2.379 and $2.419 billion, which is an increase of 17% year-over-year. This updated guidance includes a raise of full year adjusted EBITDA guidance of $5 million, offset by a negative foreign currency impact of $21 million when compared to prior Equinix guidance rates, and an expected $49 million in integration costs. AFFO is expected to be in the  range of $1.596 and $1.636 billion, an increase of 12% year-over-year. This updated guidance includes a raise of full year AFFO guidance of $5 million, offset by a negative foreign currency impact of $4 million when compared to prior Equinix guidance rates. Also, AFFO includes an expected $49 million in integration costs. Non-recurring capital expenditures are expected to range between $1.8 and $1.9 billion, and recurring capital expenditures are expected to range between approximately $200 and $210 million.

Additionally, EQIX has declared a quarterly cash dividend of $2.28 per share on its common stock. The quarterly common stock dividend will be paid on September 19, 2018, to shareholders of record on August 22, 2018.