Pitney Bowes Announces Third Quarter 2014 Results

Presort Services revenue benefited from improved qualification of mail for presort discounts, in particular in the processing of First Class mail. EBIT margin improved versus the prior year due to the revenue growth and on-going operational productivity.

Digital Commerce Solutions

   
               
  3Q 2014 Y-O-Y Change Change ex Currency
Revenue $221 million 26% 25%
EBIT   $ 25 million   90%    
 

Digital Commerce Solutions had revenue growth in each of its four product categories: ecommerce, software, shipping and marketing services. Overall, Digital Commerce Solutions represented nearly one quarter of the Company’s revenue in the third quarter.

Ecommerce experienced continued growth in the number of orders processed and packages shipped. In addition, in September the Company began operations in the UK to enable sellers on eBay to use Pitney Bowes’ cross-border ecommerce solutions when offering goods from the UK to buyers in about a dozen markets in the European Union.

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