Pitney Bowes Announces Third Quarter Results for 2011

EBIT grew due to the mix of high-margin recurring revenue streams. EBIT margin improved by 290 basis points versus the prior year due to past and ongoing productivity initiatives.

 

Enterprise Business Solutions

             
  3Q 2011   Y-O-Y Change   Change ex Currency
Revenue $646 million (3%) (4%)
EBIT   $ 75 million   6%    
 

Within the Enterprise Business Solutions Group:

 

Worldwide Production Mail

 
3Q 2011 Y-O-Y Change Change ex Currency
Revenue $117 million (14%) (16%)
EBIT   ($3) million   (122%)    
 

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