July 30 (Reuters) -

Data center firm Equinix ( EQIX ) raised its forecast for

annual results on Wednesday, signaling steady demand from its

enterprise customers investing in AI solutions.

The company has benefited from the increased demand for data

center infrastructure amid a surge in artificial intelligence

usage.

Major cloud firms, including Google, have pledged

significant investments this year to expand on AI, underscoring

robust demand for AI-related products and solutions.

Equinix ( EQIX ) provides organizations with secure, resilient

and power-efficient environments to house their IT equipment

within its data centers, while offering shared infrastructure

and connectivity solutions.

The company now expects annual revenue to be between $9.23

billion and $9.33 billion, compared with prior projection of

$9.18 billion to $9.28 billion.

It now expects annual per-share funds from operations, a key

measure of cash flow, to be in the range of $37.67 to $38.48 per

share, compared with previous forecast of $37.36 to $38.17.

In the second quarter ended June 30, the company's revenue

rose 4.6% to $2.26 billion, in line with estimates, according to

data compiled by LSEG.