Pitney Bowes Announces Second Quarter 2014 Results

The modest revenue decline, on a constant currency basis, in International Mailing resulted from lower equipment sales in Europe. However, as a result of the stabilizing installed equipment base in prior periods, the segment continues to experience an improvement in year-over-year trend for recurring revenue streams. EBIT margin improved versus the prior year due to cost reduction initiatives, including the go-to-market implementation.

Enterprise Business Solutions Group

             
  2Q 2014   Y-O-Y Change   Change ex Currency
Revenue $223 million (8 %) (8 %)
EBIT   $ 33 million   (11 %)    
 

Within the Enterprise Business Solutions Group:

Worldwide Production Mail

  2Q 2014   Y-O-Y Change   Change ex Currency
Revenue $112 million (17 %) (18 %)
EBIT   $ 11 million   (33 %)    
 

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