Iron Mountain (IRM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the prior quarter. Revenue also rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the prior quarter. Revenue also rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+12.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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, 2023 | $1.4B | +5.3% |
| Sep 30, 2023 | $1.4B | +7.9% |
| Dec 31, 2023 | $1.4B | +11.0% |
| Mar 31, 2024 | $1.5B | +12.4% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter. On a year-over-year basis, revenue was higher than the same period last year.
Quarterly comparison
Compared to the prior quarter, revenue moved higher. In comparison with the same quarter a year ago, revenue also showed an increase.
What to watch
The ongoing Project Matterhorn transformation program continues to incur costs that may affect future margins.