In what has become a month-long fade in software stocks, there was again more red than green on our screen. Those that benefited greatly during the pandemic continued to be judged more harshly than those facing easier comparisons going forward.
Read MoreThe United States Postal Service (USPS) unveiled its ten-year plan, “Delivering For America,” to achieve financial sustainability and service excellence. Consistent with postal reform efforts in recent years, much of the plan hinges upon legislative actions and regulatory changes, including the elimination of mandates requiring the USPS to prefund retiree health benefits, full integration of Postal Service-specific health plans with Medicare, and increased pricing flexibility for market dominant products i.e. traditional mail.
Read MoreWe have included several news items from last week to this week’s recap as there were some notable developments during the shortened holiday week. The most pertinent to us was the publication of the United States Postal Services’ monthly trial balance data prior to Thanksgiving, which revealed a 39% Y/Y increase in PC Postage revenue in October.
Read MoreResilience is the word du jour in earnings calls thus far in the Q2 ’20 software earnings season and may prove to be an apt description considering many produced solid growth despite GDP contracting by a third in the U.S.
Read MoreThe United States Postal Service (USPS) reported its National Trial Balance for the month of May, providing further insight into PC Postage revenue trends thus far in calendar Q2 ‘20. After rising to approximately 55% in April, PC Postage revenue growth accelerated further to nearly 65% in May.
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