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Management Services |
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| 3Q 2011 | Y-O-Y Change | Change ex Currency | ||||
| Revenue | $235 million | (4%) | (6%) | |||
| EBIT | $ 18 million | (22%) | ||||
Management Services had its best quarterly written business in the U.S. in more than a year for mail, print and customer communication management solutions, which should benefit revenue in future quarters. However, as expected, revenue for the quarter declined largely as a result of account contractions and terminations during the previous twelve months. Revenue was also impacted by lower volumes outside the U.S., where the company principally provides print and customer communication services to enterprise accounts in Europe.
EBIT margin declined compared with the prior year as the company continued to invest in building out its print management and other high-value customer communications management solutions. The company also experienced pricing pressure on some of its contract renewals.
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Mail Services |
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| 3Q 2011 | Y-O-Y Change | Change ex Currency | ||||
| Revenue | $143 million | (3%) | (3%) | |||
| EBIT | $ 35 million | 126% | ||||
