Equinix CEO on Exploding Cloud Computing and Internet of Things Industries

Equinix is smack in the middle of two burgeoning areas: cloud computing and the Internet of Things.
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Equinix (EQIX) - Get Report is smack in the middle of two burgeoning areas: cloud computing and the Internet of Things. 'The primary driver for us is the continued rollout of the cloud computing paradigm shift going on in the world today,' said Steve Smith, CEO of Equinix, when asked what factors will drive the company's expectations of 30 percent revenue growth in 2016. 'Equinix is providing the on and off ramps to a lot of this cloud computing.' Smith said within the cloud computing space, Redwood City, Calif.-based Equinix is serving household names such as Amazon (AMZN) - Get Report , Microsoft (MSFT) - Get Report and Oracle (ORCL) - Get Report , among others. 'They use our data centers,' he said. TheStreet's Scott Gamm has details from Wall Street.