Stamps.com sees lockdown boom

US online postage and shipping software specialists Stamps.com have announced that their total revenues grew by 49% to $206.7 million in the second quarter (Q2) of 2020 compared to the same period in 2019. Profits grew even more strongly – a 270% growth to $51.7 million in GAAP net income compared to 2019.

Ken McBride, Stamps.com’s Chairman and CEO said: “In recent months, e-commerce has provided an important lifeline to many businesses and individuals in the context of the COVID-19 pandemic, and we value our ability to provide a best-in-class critical shipping technology that enables such e-commerce activity for our customers and partners during this difficult time.

“We are proud of our resilient employee base throughout the world and at all levels who continue to excel during these challenging circumstances to make significant strides towards our goal of being the leading worldwide multi-carrier e-commerce shipping software company.”

Share

Comments are closed.