Stamps.com revenues up strongly

US postal services provider Stamps.com has reported total revenues up 42% to $193.3 million in the third quarter (Q3) of 2020. Operating profits grew to $71.2m in the same period.

Ken McBride, Stamps.com’s Chairman and CEO said:”Our third quarter results continued to demonstrate the value of our best-in-class shipping technology utilized by our e-commerce shipping customers throughout the world. Our technology solutions serve a broad variety of e-commerce customers, and facilitate their operations at a critical time as they adapt to new consumer purchasing behaviors and demands. We are extraordinarily proud of our employees around the world who have adapted so well to various new workplace dynamics while also driving innovation and excellence under very difficult circumstances. We continue to believe we are well positioned in our pursuit of becoming the leading worldwide multi-carrier e-commerce shipping software company.”
 

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