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

SolidCAM - See For Yourself

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Product Design Engineer - Testing Methods for Apple Inc at Cupertino, California
GIS Analyst for Iberdrola at Augusta, Maine
BIM Designer – Revit for Schneider Electric at Smyrna, Tennessee
BIM Modeler for Woolpert at Oakbrook Terrace, Illinois
GIS Analyst for City of Shreveport at Shreveport, Louisiana
Upcoming Events
3D Collaboration & Interoperability Congress at Golden CO - Feb 20 - 24, 2021
RAPID + TCT 2020 Postponed to 2021 at Anaheim Convention Center Anaheim CA - Apr 2, 2021
WESTEC at Long Beach Convention Center CA - Sep 21 - 23, 2021
Kenesto: 30 day trial
MasterCAM



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise