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Pitney Bowes Revenues Soar In 2020

STAMFORD, Conn., February 02, 2021 – Pitney Bowes Inc., a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced its financial results for the fourth quarter and full year 2020.

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“The fourth quarter was a remarkable ending to an extraordinary year,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “Revenue growth was the highest modern day, organic growth rate on-record for us.”

“We have been on a journey to transform the business,” Lautenbach continued. “Even with the tremendous uncertainty in our economy and how the pandemic will play out, we are now poised to enter this next chapter of our transformation, profitable revenue growth. While I am proud of what the team has accomplished, we all recognize there is more work to do and we are ready.”

In the Fourth Quarter 2020 Pitney Bowes recorded revenue of $1.0 billion, growth of 24 percent on a reported basis. For the year it saw revenue of $3.6 billion, growth of 11 percent … (click to read more)

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