Iron Mountain Net Income Down

There are many signs that the economy is in recovery mode, but news today was mixed for our industry. Iron Mountain, the world's largest records management company, saw a decrease in net income of 11% for the first quarter of the year. Much of the decrease is being attributed to a higher tax rate. Revenues were actually up 7%.

Overall, I think the news is good for GRM Document Management and for our industry. The fact that revenues were up speaks volumes. Companies are generating more records and are taking steps to secure their records, both paper and digital, by moving them offsite.