Iron Mountain (IRM) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter. The company reported higher revenue compared with both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter. The company reported higher revenue compared with both the prior quarter and the same quarter last year.
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
+3.9%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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, 2023 | $1.4B | +7.9% |
| Dec 31, 2023 | $1.4B | +11.0% |
| Mar 31, 2024 | $1.5B | +12.4% |
| Jun 30, 2024 | $1.5B | +13.0% |
Revenue performance
The reported revenue for the quarter rose relative to the immediately preceding quarter. The growth rate also strengthened compared with the same period one year earlier.
Quarterly comparison
Revenue in the current quarter was higher than that of the previous quarter. Compared with the same quarter in the prior year, revenue showed a larger increase.
What to watch
Costs related to Project Matterhorn continued to accumulate, totaling over three hundred million since inception through mid-2024.