Iron Mountain (IRM) Revenue — Quarter Ended Jun 30, 2023
Revenue increased from the prior quarter and from the same quarter a year earlier. The company's global transformation program, Project Matterhorn, continued with planned annual costs.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased from the prior quarter and from the same quarter a year earlier. The company's global transformation program, Project Matterhorn, continued with planned annual costs.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
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 |
|---|---|---|
| Sep 30, 2022 | $1.3B | +212.7% |
| Dec 31, 2022 | $1.3B | -61.3% |
| Mar 31, 2023 | $1.3B | +5.3% |
| Jun 30, 2023 | $1.4B | +5.3% |
Revenue performance
Revenue rose compared with the immediately preceding quarter, continuing an upward trend that began in the prior period. The trailing twelve-month revenue also stood higher than the current quarter's annualized run rate.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher. The sequential improvement from the preceding quarter was also positive, reflecting a consistent upward trajectory in recent quarters.
What to watch
Project Matterhorn, the global program aimed at accelerating growth, involves restructuring costs that may affect profitability in the near term.