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Pitney Bowes Announces Third Quarter Results For 2012

Business Segment Results

SMB Solutions Group

  3Q 2012   Y-O-Y Change   Change ex Currency
Revenue $602 million (8%) (6%)
EBIT   $180 million   (11%)    

Within the SMB Solutions Group:

North America Mailing

  3Q 2012   Y-O-Y Change   Change ex Currency
Revenue $448 million (6%) (6%)
EBIT   $169 million   (5%)    

During the quarter, the North America Mailing segment continued to benefit from increased placements of Connect+™ and pbWebConnect™ mailing systems and SendSuite Live™ shipping solutions. As a result, there was a decline of less than 4 percent in equipment sales revenue this quarter, representing the best year-over-year performance in 6 quarters. Revenue was impacted by lower recurring revenue, although at a slower rate than the previous year. Supplies revenue declined in part because of lower sales of third-party supplies for copiers and printers.

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