Welcome to our dedicated page for Pitney Bowes news (Ticker: PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.
Pitney Bowes Inc. (NYSE: PBI) is a renowned global technology company established in 1920, dedicated to offering innovative products and solutions that help clients navigate the complexities of commerce. With a focus on customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce, Pitney Bowes serves more than 1.5 million clients worldwide, including 90% of the Fortune 500, over 200 retailers, and numerous small businesses.
Pitney Bowes operates through three main business segments: Global E-commerce, Presort Services, and SendTech Solutions, with the majority of its revenue generated in the United States. The company's extensive portfolio includes domestic delivery, return and fulfillment services, cross-border shipping solutions, presorting services, and digital mailing and shipping technologies.
Driving their relentless pursuit of innovation are Pitney Bowes' 15,000+ dedicated employees. The company's commitment to technological advancement is evident in its 2,300 active patents, ensuring precise and accurate solutions for their clients. Recent partnerships, such as the one with ReverseLogix, enhance their service offerings, providing substantial savings and increased efficiency in return shipments.
In terms of financial health and corporate responsibility, Pitney Bowes continues to progress, leveraging its longstanding expertise and modern capabilities to meet the evolving needs of its diverse clientele. For the latest updates, corporate announcements, and financial results, visit their newsroom.
Pitney Bowes Inc. (NYSE:PBI) has announced a quarterly cash dividend of
Pitney Bowes (NYSE: PBI) is set to integrate a new core financial platform designed by Fiserv across its business operations in 2022. This platform aims to enhance efficiency and stability, extending services to small and midsize businesses. The investment reflects Pitney Bowes' strategic direction to improve financial solutions, supporting over 750,000 global clients. It marks a significant step in maintaining competitive advantages in a changing business landscape while emphasizing the company's longstanding commitment to these market segments.
Pitney Bowes (NYSE: PBI) reported its full year and fourth quarter 2021 financial results, achieving consolidated revenue growth for the fifth consecutive year. Full year revenue was $3.7 billion, a 3% increase, with an adjusted EPS of $0.32. While Global Ecommerce outperformed with a 5% revenue growth, challenges such as lower volumes impacted the fourth quarter results, which saw a 4% revenue decline to $984 million. The company ended 2021 with $747 million in cash and reduced debt by $241 million. Looking ahead, Pitney Bowes expects low-to-mid single digit revenue growth in 2022.
Pitney Bowes Inc. (NYSE:PBI) has declared a quarterly cash dividend of $0.05 per share, set to be paid on December 7, 2021. Stockholders of record as of November 16, 2021 will receive this dividend. This announcement underscores the company's commitment to returning value to its shareholders while continuing to provide logistics, technology, and financial services to a diverse client base, including over 90% of the Fortune 500.
Pitney Bowes Inc. (NYSE: PBI) has announced its acquisition of CrescoData, a Platform-as-a-Service (PaaS) provider, to strengthen its offerings in the ecommerce sector. While financial terms were not disclosed, CrescoData's advanced technology enhances Pitney Bowes' shipping portfolio, especially for mid-high volume ecommerce clients. The integration aims to accelerate Pitney Bowes' go-to-market strategy in the Retail and Pharmacy verticals, capitalizing on predicted shipping volume growth of doubling over the next five years.
Kyndryl (NYSE: KD) has been selected by Pitney Bowes (NYSE: PBI) for a significant technology transformation to enhance its global operations. This partnership aims to implement an agile IT infrastructure leveraging hybrid cloud investments, with Kyndryl managing core systems including servers and storage. Pitney Bowes, serving over 90% of the Fortune 500, utilizes Kyndryl's expertise in AI and advanced analytics to improve its e-commerce and logistics services. The collaboration underscores Kyndryl's commitment to delivering innovative solutions across more than 60 countries.
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