Iron Mountain Q3 Earnings Surge on AI Demand

Iron Mountain's Q3 Earnings Soar: AI Boom Boosts Data Center DemandIron Mountain, a leading data center provider, reported robust Q3 earnings, exceeding analysts' expectations. The surge in earnings is attributed to the growing demand for AI applications, which require powerful computing resources. Iron Mountain's data centers are in high demand, benefiting from this trend. The company also provided an optimistic outlook for Q4, with adjusted funds from operations predicted to beat estimates. Additionally, Iron Mountain's traditional storage and records management business continues to generate steady cash flows, supported by a diverse customer base.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.