Brean Capital Cuts Price Target on Pitney-Bowes (PBI) Following 1Q Miss
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Wintac Software Grows Sales 79 Percent with Pitney Bowes Interactive and Personalized Video
May 4, 2016 8:03 AM EDTEngageOne Video Doubles Leads to Ultimately Drive Sales
STAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes (NYSE: PBI), a global technology company that provides innovative products to power commerce, today announced that Wintac Software has achieved record sales growth by using Interactive Personalized Video to increase web conversion. Since deploying... More
Pitney Bowes Announces First Quarter 2016 Financial Results
May 3, 2016 7:00 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides products and solutions that power commerce, today reported financial results for the first quarter 2016.
Quarterly Financial Results:
Revenue of $845 million, a decline of 3 percent, excluding the impacts of market exits and currency; a decline of 4 percent on a constant currency basis and a decline of 5 percent as reported. Adjusted EPS of $0.34; GAAP EPS of $0.30 SG&A of $327 million, which includes $12 million of incremental costs for advertising and ERP... More