ART. 5 FDS FOR 1ST QUARTER 10-Q
Published on
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF INCOME, CORRESPONDING
FOOTNOTE #3 FIXED ASSETS AND STATEMENT RE COMPUTATION OF PER SHARE EARNINGS AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> MAR-31-1997
<CASH> 142,718
<SECURITIES> 12,336
<RECEIVABLES> 342,661
<ALLOWANCES> 15,952
<INVENTORY> 263,947
<CURRENT-ASSETS> 2,283,824
<PP&E> 1,102,196
<DEPRECIATION> 619,493
<TOTAL-ASSETS> 8,184,794
<CURRENT-LIABILITIES> 3,363,115
<BONDS> 1,299,155
<COMMON> 323,338
<PREFERRED-MANDATORY> 200,000
<PREFERRED> 2,375
<OTHER-SE> 1,810,800
<TOTAL-LIABILITY-AND-EQUITY> 8,184,794
<SALES> 417,822
<TOTAL-REVENUES> 961,370
<CGS> 253,808
<TOTAL-COSTS> 381,482
<OTHER-EXPENSES> 346,757
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 49,496
<INCOME-PRETAX> 183,635
<INCOME-TAX> 63,690
<INCOME-CONTINUING> 119,945
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 119,945
<EPS-PRIMARY> .81
<EPS-DILUTED> .80
</TABLE>