Revenue declined on lower equipment sales and recurring revenue streams. EBIT and EBITDA margins were impacted by a charge of $9 million related to a SendPro C tablet replacement program to address an underlying battery longevity issue. The tablet upgrade provides the latest technology and results in an improved client experience.
International Mailing
Excluding the effect from currency and market exits, equipment sales and recurring revenue streams both contributed to the revenue decline. The equipment sales decline was driven by weakness in Germany and France partially offset by growth in the UK and Japan. EBIT and EBITDA margins decreased versus prior year primarily driven by the lower revenue.
|
Software Solutions |
|||||||||||||
| ($ millions) | First Quarter | ||||||||||||
| 2019 | 2018 |
Y/Y
Reported |
Y/Y
Ex Currency |
||||||||||
| Revenue | $73 | $76 | (4%) | (2%) | |||||||||
| EBITDA | $4 | $5 | (12%) | ||||||||||
| EBIT | $2 | $2 | (32%) | ||||||||||
