The following is a comment from Maria A. Pallante, President and CEO, Association of American Publishers:
“We are extremely pleased that the district court has approved the proposed consent judgment. As we have stated before, it is an appropriately serious bookend to a decisive finding that so called “controlled digital lending” is nothing more than copyright infringement.”
see more at: https://publishers.org/wp-content/uploads/2023/08/Hachette-v.-IA-Consent-Judgement-and-Permanent-Injunction-Subject-to-Reservation-of-Right-to-Appeal.pdf
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FY23 first quarter service performance scores covering Oct. 1 through Dec. 23 included: *First-Class Mail: 91.6% of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.6 percentage points from the fiscal fourth quarter. The current data reflects a year over year increase of 1.8 percentage points compared to the same period in the FY22 peak holiday season. *Marketing Mail: 94.0% of Marketing Mail delivered on time against the USPS service standard, a slight decrease of .7 percentage points from the fiscal fourth quarter. The current data reflects a year over year increase of 2.3 percentage points compared to the same period in the FY22 peak holiday season. *Periodicals: 85.1% of Periodicals delivered on time against the USPS service standard, a decrease of 1.7 percentage points from the fiscal fourth quarter. The current data reflects a year over year increase of 3.9 percentage points compared to the same period in the FY22 peak holiday season.
Revenues were $2.57 billion in the quarter, down 8.1 percent or 6.4 percent in constant currency. Post sale revenue was 79 percent of total revenue. Second-quarter adjusted operating margin was 13.3 percent, up 0.4 percentage points from the same quarter a year ago. Xerox generated operating cash flow of $343 million from continuing operations during the second quarter and ended the period with a cash balance of $1.25 billion. The company returned $68 million in dividends to shareholders. Click Read More below for additional details.
The United States Postal Service reported new delivery performance metrics for the ninth week of the fiscal fourth quarter showing the average time for the Postal Service to deliver a mailpiece or package across the postal network was consistent at just 2.4 days. As the Postal Service heads into the busy fall mailing season, service performance remains strong and steady across all mail categories. FY2022 fourth quarter service performance scores covering July 1 through Sept. 2 included: *First-Class Mail: 93.2 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.0 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.