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BOSTON - Data storage and protection company Iron Mountain Inc. said Thursday its first-quarter profit slipped 3.5 percent as higher interest expense offset rising revenue.
| IRM | 23.22 |  -1.43 |
Net income for the three months ended March 31 fell to $33.5 million, or 16 cents per share, from $34.7 million, or 17 cents per share in the year-earlier quarter.
Analysts polled by Thomson Financial expected, on average, earnings per share of 12 cents.
Net interest expense climbed 19 percent to $60 million.
Revenue increased 18 percent to $749.4 million from $632.5 million. Analysts expected revenue of $731.8 million.
Sales rose in the company's North American physical, international physical and worldwide digital business segments, and benefited from the weaker dollar.
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