Iron Mountain records double-digit growth in Q3 Latin American storage revenues

Friday, October 28, 2011

US document management services (DMS) company Iron Mountain (NYSE: IRM) saw double-digit growth in Latin America's storage segment during the third quarter of the year, company executive VP and CFO Brian McKeon said in a conference call with investors, without providing hard numbers.

The company posted global net profits of US$37mn during the third quarter, compared to a net loss of US$154mn in the year-ago period.

Iron Mountain reported revenues of US$772mn in the quarter, climbing 6% year-on-year.

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The company's capex in the first three quarters was US$129mn, compared to US$163mn in the same period in 2010. Total capex for the year will reach US$225, Iron Mountain said.

The Boston-based firm also expects revenue growth for 2011 in the 2-3% range.

Founded in 1951, Iron Mountain manages billions of information assets, including business records, electronic files, medical data and emails, for organizations around the world.