Iron Mountain (IRM) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased from both the prior quarter and the same quarter last year. The reported growth reflects a continuation of the upward trend seen over recent quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased from both the prior quarter and the same quarter last year. The reported growth reflects a continuation of the upward trend seen over recent quarters.
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
+2.2%
Change from the immediately preceding quarter.
Year-over-year
+7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 |
|---|---|---|
| Dec 31, 2022 | $1.3B | -61.3% |
| Mar 31, 2023 | $1.3B | +5.3% |
| Jun 30, 2023 | $1.4B | +5.3% |
| Sep 30, 2023 | $1.4B | +7.9% |
Revenue performance
Revenue moved higher compared with the immediately preceding quarter, extending the sequential gains observed in recent periods.
Quarterly comparison
On a year-over-year basis, revenue was also higher. The quarter's performance continues the pattern of improvement seen throughout the fiscal year to date.
What to watch
The filing references a global transformation program that is expected to incur significant costs annually through a specific period, which may influence future operating margins.