Stamps.com reports buoyant Q1 results

Where its host business the USPS saw deepening losses, US postal services company Stamps.com reported total revenues of $151.3 million in the first quarter (Q1), a growth of 11% as against the same period in 2019.

Ken McBride, Stamps.com’s Chairman and CEO said: “Amidst the unprecedented challenges imposed by COVID-19 on the global economy, e-commerce has become an indispensable strategy for businesses and we’re extremely proud that our world leading technology and employees are able to provide a critical technology service for our customers and partners.

“Stamps.com is prioritising our employees, customers, partners, and communities, while continuing to provide exceptional service levels and support to our customers and partners. We are in a position to provide valuable services to mailers and shippers coping with this worldwide health crisis and remain committed to making significant strides towards our goal of being the leading worldwide multi-carrier e-commerce software company.”

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