Iron Mountain (IRM) Revenue — Quarter Ended Mar 31, 2023
The company achieved revenue growth for the quarter. This marked an increase compared to both the prior quarter and the same period one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
The company achieved revenue growth for the quarter. This marked an increase compared to both the prior quarter and the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.8%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.3B | +221.2% |
| Sep 30, 2022 | $1.3B | +212.7% |
| Dec 31, 2022 | $1.3B | -61.3% |
| Mar 31, 2023 | $1.3B | +5.3% |
Revenue performance
Revenue improved sequentially, maintaining a positive trajectory. The growth underscores the company's operational progress in the period.
Quarterly comparison
Compared to the same period last year, revenue was higher, indicating sustained year-over-year growth. The quarter-over-quarter increase also reinforces recent positive momentum.
What to watch
The ongoing Project Matterhorn restructuring program could influence future revenue and operational efficiency.