Pitney Bowes Announces First Quarter 2017 Financial Results

Production Mail

Equipment sales grew 12 percent over prior year on higher inserter and sorter equipment placements. The inserter performance was largely driven by strong placements of the Epic inserter product. Support services revenue declined as a result of the shift last year of some in-house mail production clients moving to third party service bureaus who tend to self-service. EBIT margin improved from prior year as a result of the growth in revenue and lower operating expenses.

Presort Services

The revenue increase was driven by higher Standard Class and First Class mail volumes processed. EBIT margin increased from prior year driven by the higher revenue.

Digital Commerce Solutions Group

($ millions)     First Quarter
Revenue

2017

 

2016

 

Y/Y

Reported

 

Y/Y

Ex Currency

Software Solutions $ 78 $78 - 3 %
Global Ecommerce 88   75   17 % 20 %
Digital Commerce Total $166 $153 9 % 11 %
 
EBIT
Software Solutions $ 3 $ (3 ) >100%
Global Ecommerce (4 ) (3 ) (23 %)
Digital Commerce Total $ (2 ) $ (6 ) 75 %
 

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