(Source: Datamonitor)
Pitney Bowes, a provider of mail processing equipment and integrated mail solutions, has reported a net income of $117.26 million, or diluted earnings per share of $0.57, for the second quarter ended June 30, 2009, compared to $128.51 million, diluted earnings per share of $0.61, for the same quarter of 2008.
For the second quarter of 2009, total revenue was $1.38 billion, compared to $1.59 billion for the same quarter of 2008.
For the first six months of 2009, total revenue was $2.76 billion, compared to $3.16 billion for the same period of 2008. Net income was $221.66 million, or diluted earnings per share of $1.07, compared to $247.61 million, or diluted earnings per share of $1.17, for the same period of 2008.
Murray Martin, president and CEO of Pitney Bowes, said: "Despite a challenging economic environment, we remain a healthy and profitable company that continues to generate significant cash flow and continues to invest for the future. However, as a result of significant cost containment measures, compared with the first quarter we improved EBIT margins in six of our seven business reporting segments despite flat revenue."
A service of YellowBrix, Inc.
