Iron Mountain sees ‘$175M or more’ in ALM revenue in Q4

While presenting at the Barclays Global Technology Conference, an executive from Iron Mountain (IRM) stated: “So I think, you know, the the one I think we guided to just under $160M. I expect we’ll probably do north of, right in the vicinity of $175M or more in ALM (Asset Lifecycle Management) revenue in the quarter. And frankly, I’ll tell you, the larger cloud folks, they know that the prices have been rising. So some of them are even holding back a little bit because the expectation and the trend on forward pricing is for those to continue to move higher. And that’s just in light of the supply demand situation for memory. So it’s a it’s a good market. It’s a good trend.”