Pitney Bowes Announces Second Quarter 2013 Results

Within the SMB Solutions Group:

North America Mailing

      2Q 2013       Y-O-Y Change       Change ex Currency
Revenue $433 million (5%) (4%)
EBIT       $166 million       (1%)        

During the quarter, North America Mailing continued to experience lower rates of decline in recurring revenue streams than in prior quarters and the prior year. The year-over-year rate of revenue decline also slowed due to improving trends in equipment sales in the current year. EBIT margin improved versus the prior year as a result of improved recurring revenue margins and cost reduction initiatives that offset the negative impacts of the lower mix of recurring revenue streams.

International Mailing

      2Q 2013       Y-O-Y Change       Change ex Currency
Revenue $165 million (1%)

0%

EBIT       $19 million       (11%)        

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