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 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-31-1998
<PERIOD-END> MAR-31-1998
<CASH> 117,200
<SECURITIES> 34,597
<RECEIVABLES> <F1> 2,153,072
<ALLOWANCES> <F1> 79,481
<INVENTORY> 241,553
<CURRENT-ASSETS> 2,676,559
<PP&E> <F2> 2,779,924
<DEPRECIATION> <F2> 1,485,358
<TOTAL-ASSETS> 8,313,598
<CURRENT-LIABILITIES> 3,203,101
<BONDS> 1,626,870
<COMMON> 323,338
<PREFERRED-MANDATORY> 300,000
<PREFERRED> 2,193
<OTHER-SE> 1,551,683
<TOTAL-LIABILITY-AND-EQUITY> 8,313,598
<SALES> 450,425
<TOTAL-REVENUES> 1,011,574
<CGS> 275,000
<TOTAL-COSTS> 413,379
<OTHER-EXPENSES> 23,631
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 47,899
<INCOME-PRETAX> 197,997
<INCOME-TAX> 68,310
<INCOME-CONTINUING> 129,687
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 129,687
<EPS-PRIMARY> .46
<EPS-DILUTED> .46
<FN>
<F1> Receivables are comprised of trade receivables of $369,225 and short-term
finance receivables of $1,783,847. Allowances are comprised of allowance for
trade receivables of $21,962 and for short-term finance receivables of $57,519.
<F2> Property, plant and equipment are comprised of fixed assets of $1,132,145
and rental equipment and related inventories of $1,647,779. Depreciation is
comprised of depreciation on fixed assets of $636,956 and on rental equipment
and related inventories of $848,402.
</FN>
</TABLE>