Reported 2 months ago
Iron Mountain reported a significant increase in funds from operations (FFO) for the second quarter, driven by a surge in demand for its data-center services as businesses invest in infrastructure for AI and cloud migration. FFO rose 10% to $1.08 per share, while quarterly revenue hit $1.53 billion, surpassing expectations. The company also announced a 10% increase in its cash dividend.
Source: YAHOO