VeriSign, Inc. reported financial results for the fourth quarter of 2009 and year ended December 31, 2009 after the market closed today.
VeriSign reported revenue of $263 million for the 4th quarter of 2009, compared to $249 million in the same quarter in 2008.
For the year ended December 31, 2009, VeriSign reported revenue of $1.031 billion, compared to $965 million in 2008.
VeriSign Naming Services ended the quarter with approximately 96.7 million active domain names in the adjusted zone for .com and .net, representing a 7% increase year-over-year.
Naming Services delivered $159 million of revenue in the fourth quarter of 2009, up 9% from the same quarter in 2008. Authentication Services delivered revenue of $103 million in the fourth quarter of 2009, up 1% from the same quarter in 2008.
As you know VeriSign announced that as of July 1, 2010, its fees for .com domain names will increase from $6.86 to $7.34 and that the registry fee for .net domain names will increase from $4.23 to $4.65.
This will of course increase VeriSign ‘s Profit even further next year.
VeriSign ended the fourth quarter with Cash, Cash Equivalents and Restricted Cash of $1.48 billion, an increase of $45 million from the prior quarter and $688 million from the end of 2008.
Guess its a good thing ICANN gave VeriSign permission for more price hikes, otherwise how would they ever hit $2 billion in cash?
“Most of these domains suck unless you are and enduser with a viable biz idea. These prices are 150 years Rev.
thank god their are still alot of suckers out there. Keyholders.com was listed on Sedo during the auction with a bin of $999. LOL
Some of these domains aren’t worth reg fee eg. visitbolivia gets maybe 1 type-in a week.”