Pitney Bowes Announces Second Quarter Results for 2012

International Mailing revenue increased one percent, which is its third consecutive quarter of constant currency growth. Revenue benefited from increased equipment sales and supplies revenue. The company began selling its innovative Connect+ product line in Germany during the quarter and Connect+ was approved for placement in France beginning in the third quarter. Meter populations in Europe were flat year-over-year and are growing in the emerging markets. EBIT margin declined year-over-year due to impacts of currency and the mix of business.

Enterprise Business Solutions

    2Q 2012     Y-O-Y Change     Change ex Currency
Revenue $627 million (3%) (1%)
EBIT     $61 million     11%      

Within the Enterprise Business Solutions Group:

Worldwide Production Mail

    2Q 2012     Y-O-Y Change     Change ex Currency
Revenue $123 million (8%) (5%)
EBIT     $6 million     (39%)      

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