Pitney Bowes holds steady in first quarter

Pitney Bowes Inc. reported first-quarter revenue of $837 million, a decline of 0.9 percent as reported but an increase of 0.2 percent at constant currency.

The Stamford-based global technology company said its digital commerce solutions revenue grew 9 percent as reported and 11 percent at constant currency, while enterprise business solutions revenue grew 3 percent as reported and 4 percent at constant currency. Small and medium business solutions revenue declined 6 percent as reported and 5 percent at constant currency.

“In many ways, our results in the first quarter are what we envisioned and expected from the long-term growth initiatives and strategic investments we have been putting in place over the past four years,” said President and CEO Marc B. Lautenbach. “We are off to a good start and remain committed to meeting our financial objectives for the year.”