Oct 29 (Reuters) - Equinix ( EQIX ) lowered its forecast

for annual revenue due to the data center operator facing delays

in closing a deal and a negative impact from foreign exchange

rates, its CEO said on Wednesday, while Wall Street counts on

the company to benefit from booming spending on AI

infrastructure.

Though Equinix ( EQIX ) has been expanding its business with

artificial intelligence cloud providers, it is heavily reliant

on enterprise clients, spending from whom can be lumpy in the

face of macroeconomic uncertainty.

The company now expects fiscal 2025 revenue between $9.21

billion and $9.33 billion, down from its earlier expectations of

annual sales between $9.23 billion to $9.33 billion.

Equinix ( EQIX ) is in discussions to lease the entirety of one of

its campuses to a client but is running into delays closing the

agreement, CEO Adaire Fox-Martin told Reuters.

It is a complex transaction "given its size, and therefore

there may be an element of timing risk associated with that

transaction," Fox-Martin said.

"That is why we have amended our guide, in case that

transaction was to slip into the first month of next year."

Some enterprises have adopted a wait-and-see approach to

sizeable expenses amid an uncertain macroeconomic environment

characterized by trade tensions and U.S. President Donald

Trump's many tariff deals.

The company also reported third-quarter revenue of $2.32

billion, missing analysts' average estimate of $2.33 billion,

according to data compiled by LSEG.

Adjusted funds from operations, a key cash flow metric, came in

at $9.83 per share in the third quarter, beating estimates of

$8.32 per share.

Equinix ( EQIX ) forecast fourth-quarter revenue between $2.41

billion and $2.53 billion, the midpoint of which is above

analysts' average estimate of $2.45 billion, according to data

compiled by LSEG.