Pitney Bowes, a provider of mailing solutions, has reported a net income of $73.95m, or $0.36 per diluted share, for the fourth quarter of fiscal 2008, compared to a net loss of $57.93m, or $0.27 per diluted share, for the same quarter of fiscal 2007.
For the fourth quarter of fiscal 2008, revenues were $1.55 billion, a decrease of 7%, compared to $1.66 billion for the same quarter of fiscal 2007.
For the fiscal 2008, revenues were $6.3 billion, compared to $6.13 billion for the same period of fiscal 2007. Net income was $419.8m, or $2 per diluted share, compared to a net income of $366.8m, or $1.66 per diluted share, for the same period of fiscal 2007.
Murray Martin, chairman, president and CEO of Pitney Bowes, said: On a full-year basis we generated cash flow, increased revenue, and grew adjusted earning per share in line with current guidance. We believe these results were even more notable given the impact of currency. Significant currency fluctuation, particularly the strengthening of the US dollar, reduced our earnings per share by $0.05 for 2009, when compared with the original guidance we provided at the beginning of 2008.
