Pitney Bowes Announces First Quarter 2014 Results

International Mailing revenue benefited from growth in supplies, offset by a decline in rentals revenue, largely in France, due primarily to a migration from the rental of equipment to financing of equipment. Financing revenue was slightly positive in the quarter. EBIT margin improved versus the prior year due to the mix of products and cost reduction initiatives.

Enterprise Business Solutions Group

                     
      1Q 2014     Y-O-Y Change     Change ex Currency
Revenue $222 million 1% 1%
EBIT       $32 million     1%      
 

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