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Worldwide Production Mail |
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| 4Q 2012 | Y-O-Y Change | Change ex Currency | ||||
| Revenue | $152 million | (6%) | (6%) | |||
| EBIT | $ 14 million | (30%) | ||||
Production Mail revenue experienced a significant increase in the backlog of orders, especially in North America, as the outlook improved and some larger orders were written at the end of the year. These orders are expected to have a positive impact on revenue in future periods. However, revenue in the fourth quarter was negatively impacted due to global economic uncertainty experienced earlier in the year and the comparison against a strong quarter last year. EBIT margin declined when compared to the prior year due to lower revenue, the mix of equipment sales and continued investment in Volly™. Excluding the investment in Volly, EBIT margin would have been approximately 510 basis points higher this quarter.
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Software |
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| 4Q 2012 | Y-O-Y Change | Change ex Currency | ||||
| Revenue | $105 million | 2% | 2% | |||
| EBIT | $ 18 million | 172% | ||||
