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Iron Mountain Sees 2008 Revenue Rise



By AP
28 February 2008 @ 06:55 am EST

BOSTON - Iron Mountain Inc. said Thursday it expects full-year revenue above 2007 results.

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The information protection and storage services provider expects 2008 sales between $3 billion and $3.08 billion. The company reported 2007 sales of $2.73 billion.

Analysts surveyed by Thomson Financial predict full-year revenue of $3.04 billion, with the low end of estimates at $3.02 billion and the high end at $3.06 billion.

The company anticipates first-quarter sales in a range of $725 million to $745 million.

Both estimates include a $3 million charge for a planned asset sale expected to be completed in the second quarter, Iron Mountain said.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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