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VeriSign Inc. (symbol: VRSN) is a global leader in domain names and internet security, playing a pivotal role in enabling internet navigation for many of the world’s most recognized domain names. The company ensures the security, stability, and resiliency of key internet infrastructure and services, including the crucial .com and .net top-level domains. VeriSign operates two of the internet’s root servers and performs the root zone maintainer function for the core of the internet's domain name system (DNS).
As the sole authorized registry for several generic top-level domains, VeriSign plays a critical role in the management and operation of these domains, ensuring they run smoothly and securely. Their services include distributed denial of service (DDoS) protection and managed DNS, providing robust security solutions for websites and enterprises across the globe.
In 2018, VeriSign sold off its Security Services business, refocusing on its core registry business. This strategic move highlights the company’s commitment to strengthening and expanding its core operations. VeriSign's infrastructure supports the domain name system by operating some of the world's most essential internet servers, which are fundamental to internet traffic routing.
To learn more about what it means to be powered by VeriSign, you can visit their website at verisign.com. Here, you can find comprehensive information about their services, partnerships, financial condition, recent achievements, and current projects. VeriSign continues to be a significant player in the realm of internet infrastructure, providing essential services that underpin the internet's functionality and security.
Stay updated with the latest news and developments related to VeriSign Inc. to understand more about their impact on the internet and their ongoing projects aimed at enhancing global internet security and navigation.
VeriSign reported third-quarter 2022 financial results, with revenue increasing by 6.8% to $357 million compared to Q3 2021. Net income rose to $169 million, up from $157 million, while diluted EPS improved to $1.58 from $1.40. The operating margin remained strong at 66.3%. Cash flow from operations was stable at $262 million. VeriSign's domain registrations reached 174.2 million, a 1.2% increase year-on-year, though new registrations declined to 9.9 million from 10.7 million. Renewal rates dropped to 73.8% from 75.4% in the previous year.
VeriSign (NASDAQ: VRSN) announced that its earnings call for Q3 2022 will occur on October 27, 2022, at 4:30 p.m. (EDT). The earnings release will be available at approximately 4:05 p.m. (EDT) on that day. Investors can access the call via a direct dial or online webcast at the company's investor relations website. VeriSign provides essential internet infrastructure services, operating root zone maintenance and .com and .net domain registrations, which are crucial for global e-commerce.
VeriSign, a global leader in domain name registry services, reported a total of 351.5 million domain name registrations by the end of Q2 2022, marking a 0.3% increase from Q1 2022 and a 3.0% year-over-year growth. The .com and .net TLDs had 174.3 million registrations, showing a slight quarter-over-quarter decline. New registrations for .com and .net totaled 10.1 million, down from 11.7 million a year ago. The total country-code TLDs reached 134.1 million, up 0.5% from the previous quarter.
VeriSign (NASDAQ: VRSN) reported a 6.8% increase in revenue for Q2 2022, totaling $352 million, compared to Q2 2021. The company achieved a net income of $167 million and diluted EPS of $1.54, up from $1.31 a year earlier. Operating margin improved to 67.1% from 64.7%. VeriSign ended the quarter with $997 million in cash and cash equivalents, having repurchased 2 million shares for $349 million. The .com and .net domain name base grew by 2.2% year-over-year, though new registrations decreased to 10.1 million from 11.7 million in Q2 2021.
VeriSign (NASDAQ: VRSN) will hold its second quarter 2022 earnings call on July 28, 2022, at 4:30 p.m. (EDT). The earnings news release will be available at 4:05 p.m. (EDT). Interested parties can access the call via direct dial or through a live webcast on the company’s investor website. VeriSign is known for providing domain name registry services and internet infrastructure, overseeing the .com and .net domains, crucial for global e-commerce.
VeriSign (NASDAQ: VRSN) reported a total of 350.5 million domain name registrations for Q1 2022, marking an increase of 8.8 million or 2.6% from Q4 2021. Year-over-year, domain registrations rose by 13.2 million or 3.9%. The .com and .net TLDs accounted for 174.7 million registrations, up 0.7% from the previous quarter. New .com and .net registrations totaled 10.2 million, a decrease from 11.6 million in Q1 2021. Country-code TLD registrations reached 133.4 million, up 4.7% sequentially.
VeriSign reported Q1 2022 revenue of $347 million, up 7.2% year-over-year, with a net income of $158 million and diluted EPS of $1.43. The operating margin was 64.8%, slightly down from 65.0% in Q1 2021. Cash flow from operations rose to $207 million, while cash and marketable securities totaled $1.21 billion. Domain registrations increased by 4.0% year-over-year, with a base of 174.7 million .com and .net domains. The renewal rate for Q4 2021 stood at 74.8%.
VeriSign (NASDAQ: VRSN) announced its Q4 2021 results, reporting a total of 341.7 million domain name registrations, up by 3.3 million or 1.0% from Q3 2021. Year-over-year, registrations increased by 1.6 million, or 0.5%. The .com and .net TLDs accounted for 173.4 million registrations, with a quarterly rise of 1.4 million, or 0.8%, and a yearly increase of 8.2 million, or 5.0%. New registrations for .com and .net totaled 10.6 million, slightly higher than the previous year.
VeriSign, Inc. (NASDAQ: VRSN), a leader in domain name registry services, will hold its earnings call for Q1 2022 on April 28, 2022, at 4:30 p.m. EDT. The earnings release will be available at 4:05 p.m. EDT the same day. Interested parties can join the teleconference by dialing (888) 676-VRSN (U.S.) or (786) 789-4776 (international) with conference ID: VeriSign. A live webcast will also be accessible on the company's investor relations website.
VeriSign reported a strong fourth quarter and full year 2021 performance, with Q4 revenue of $340 million, marking a 6.3% increase year-over-year, and a net income of $330 million, yielding a diluted EPS of $2.97, boosted by a $165.5 million tax benefit. For 2021, total revenue reached $1.33 billion, a 4.9% year-over-year rise. However, net income slightly dipped to $785 million from $815 million in 2020. The company also announced a hike in .com registration fees effective September 2022, alongside a robust cash position of $1.21 billion and ongoing share repurchases.
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