“If our customers can’t receive the best solution, don’t get the best offer in the market, then they will leave us and in the end, we will lose no matter what,” he said.
Fourth quarter financial results
On Thursday, Stamp.com released its financial performance for the fourth quarter of 2018. The company said its revenue increased by 29 percent to $170.2 million from $132.5 million in the same period in 2017.
Its GAAP net income rose 6 percent to $42.7 million from $40.2 million in the same period a year ago. Its GAAP net income per fully diluted share was $2.30, an increase of 7 percent in the same period in 2017.
McBride said, “We are pleased with our fourth quarter and fiscal 2018 financial performance. We achieved strong financial results driven by exceptional execution in our shipping business and we completed our strategic acquisition of MetaPack which has positioned Stamps.com as the leading global e-commerce shipping software company,” said McBride
He added, “We are well positioned to successfully compete on a global scale with a focus on driving long-term value for our customers, partners and shareholders.”
