Pitney Bowes Announces Second Quarter 2013 Results

Software revenue declined compared to the prior year due primarily to fewer large dollar licensing deals in North America. In addition, there continued to be weakness in the international markets, in part due to ongoing austerity measures in the public sector. Compared to the first quarter results, revenue improved due to increased sales effectiveness. EBIT margin improved significantly versus the prior year and the prior quarter due to cost reduction initiatives that have resulted in a more variable cost structure.

Management Services

      2Q 2013       Y-O-Y Change       Change ex Currency
Revenue $175 million (3%) (3%)
EBIT       $15 million       4%        

Management Services results exclude the European businesses, which are now reflected as discontinued operations. Revenue for the quarter declined due to continued pricing pressure on contract renewals. EBIT margin improved compared to the prior year despite the decline in revenue due to lower operating costs associated with ongoing productivity programs.

Mail Services

      2Q 2013       Y-O-Y Change       Change ex Currency
Revenue $119 million 10% 10%
EBIT       $15 million       (46%)        

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16  Next Page »



Review Article Be the first to review this article
RELATED NEWS
Latest Blog Posts
    Administrator ShareCG.com registration is locked (again)
    May 20th, 2022 by Administrator
    Even though we found a way to filter a lot of the fake registration, there are too many fake account created yesterday. Next week we will going to change to more strict restriction, and add new one. Of course, it will make the registration …
    Susan Smith HP Announces HP Z240 Tower and Z240 SFF Workstations
    October 2nd, 2015 by Susan Smith
    Jeff Wood - vice president, WW Product Management,  Workstation and Thin Client Business HP and Josh Peterson- director, WW Product Management,  Workstation and Thin Client Business , HP met with the press in a virtual press briefing prior to the …



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise