5 Most Profitable SaaS Companies for 2023

4. Equinix, Inc. (NASDAQ:EQIX)

Trailing Twelve Months Net Income: $698 million

Number of Hedge Fund Holders In Q3 2022:

Equinix, Inc. (NASDAQ:EQIX) is a global data center company that provides a centralized platform to enable businesses to search for other businesses to launch digital services and collaborate digitally.

Equinix, Inc. (NASDAQ:EQIX) is continuing to grow its global footprint as it announced in January 2023 that it will build a new data center in South Africa for $160 million. By the end of last year’s third quarter, 39 of the 920 hedge funds had held a stake in the company.

Equinix, Inc. (NASDAQ:EQIX)’s largest investor is Ian Simm’s Impax Asset Management which owns 659,094 shares that are worth $431 million.

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