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2537a-us-pitney-bowes-inc
Pitney Bowes Inc.
Location
Connecticut
Founded
1920-02-28
Website
https://www.pitneybowes.com
Articles
812 Articles
Category
Office Machines, Not Elsewhere Classified
Telephone and Telegraph Apparatus
Equipment Rental and Leasing, Not Elsewhere Classified
Facilities Support Management Services
Description
Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to reduce the complexity of sending mail and parcels.
For additional information visit Pitney Bowes at www.pitneybowes.com.
As we saw in tech company earnings over the last couple of weeks, tech giants are making a lot of money in cloud computing. Amazon, Google and Microsoft rent out computer storage and computing power to smaller companies for lots of profit, and they spend a lot of money on the business themselves. ``
Decline in segment revenue was primarily driven by lower in-period equipment sales as we entered a phase of our product lifecycle where we have less new lease opportunities offset by a corresponding increase in lease extensions. Growth in shipping-related revenues partially offset the decline in
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