Pitney Bowes Announces Second Quarter 2017 Financial Results

Production Mail

Equipment sales declined versus prior year largely due to lower sorter equipment placements, partially offset by higher inserter equipment sales. 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 declined from prior year primarily as a result of the decline in revenue in addition to the mix of inserter equipment sales.

Presort Services

The revenue growth was driven by higher Standard Class volumes processed along with improved revenue per piece related to Flats. EBIT margin declined from prior year driven by increased mail processing costs and the resolution of certain client contractual disputes.

Digital Commerce Solutions Group

 
($ millions) Second Quarter
 

Y/Y

 

Y/Y

Revenue

2017

 

2016

Reported

Ex Currency

Software Solutions     $86     $90 (4 %) (2 %)
Global Ecommerce

95

83

14

%

16

%

Digital Commerce $181 $173 4 % 7 %
 
EBIT
Software Solutions $8 $10 (26 %)
Global Ecommerce

(4

)

(1

)

>(100%)

Digital Commerce $4 $9 (63 %)
 

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