Verisign Reports: 113 Million .com/net Domains & $1.35 Billion In the Bank
VeriSign, Inc. (NASDAQ: VRSN, announced financial results for the fourth quarter of 2011 and year ended Dec. 31, 2011 after the market closed today
Verisign Registry Services ended the quarter (December 31) with approximately 113.8 million active domain names in the adjusted zone for .com and .net, representing an 8% increase year-over-year.
In the fourth quarter, Verisign added 7.9 million new domain name registrations, representing a 4% increase year-over-year.
VeriSign, Inc. reported revenue of $204 million for the fourth quarter of 2011, up 3% from the prior quarter and up 14% from the same quarter in 2010.
Verisign reported net income of $54 million and diluted earnings per share (EPS) of $0.34 for the fourth quarter of 2011.
This compared to a net loss of $(41) million and a loss per share of $(0.23) in the same quarter in 2010.
For the year ended Dec. 31, 2011, Verisign reported revenue of $772 million, up 13% from $681 million in 2010. Verisign reported net income of $143 million and diluted EPS of $0.86.
Verisign ended the fourth quarter of 2011 with Cash, Cash Equivalents, Marketable Securities and Restricted Cash of $1.35 billion, an increase of $111 million from the prior quarter and a decrease of $714 million from the same quarter in 2010.
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So who in their right mind really thinks a few new TLD .kiwis and .hotels are going to compete with that?
seriously?
WTF – Why are they still raising the prices with a billion dollars in the bank.
Looks like the domain business is good. Time to invest in Verisign if you think .com is king.
Gnames
Because they can
I’m thinking investing on more domains.
What you say?
VeriSign might be good for domains, just don’t trust them with your business security…
They don’t mind you being fleeced by fraudsters…. In fact they actually leave the doors open for fraudsters… many doors
All that money they stockpiled should have been spent on pro-active security, not their “once-the horse-has-bolted” approach.
D.
Have no idea of what your talking about but Verisign sold its cert business a while back
Yes, they sold it to Symantec who have the same atrocious approach to security. They believe fear of legal action will stop criminals on the intenet from fleecing clients. They probably spend more money marketing their security than they do on actual security.