Pitney Bowes Reports Slightly Lower 2010 Revenue but Remains Positive on Future
Worldwide Production Mail
Worldwide Production Mail had double-digit revenue growth during the quarter, when compared with the prior year, which was partially driven by a higher backlog entering the quarter and continued demand for the company’s high-speed, high integrity inserting systems, especially in the financial services and insurance sectors in the United States. During the quarter, the company installed 11 inserting systems in China and completed the installation of two Intellijet color production printing systems from the company’s technology distribution partnership with HP. EBIT margin improved sequentially but declined versus the prior year due in part to product mix and start-up installation costs associated with the Intellijet color production printing systems.
Software
- Companies:
- Pitney Bowes
- Places:
- Stamford, Conn.
- United States