VeriSign Reports 7% Increase In Domain Registrations & $1.3 BILLION In Cash

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VeriSign reported earnings today

VeriSign reported revenue of $257 million from continuing operations for the 2nd quarter of 2009.

Here are some interesting notes from the report:

VeriSign ended the quarter with approximately 93.5 million active domain names in the adjusted zone for .com and .net representing a 7% increase year-over-year.

VeriSign also reported, having on hand at the end of the second quarter cash,  and cash equivalents, of $1.3 Billion.

Yes that is Billion with a “B”.

Now we will wait to see if VeriSign decides to raise the prices on .com and .net registrations, yet again this fall, as they are clearly not making enough money off running the central registry.

If you want to read the full earnings call transcript for VeriSign click here.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. M. Menius says

    MHB – “we all will wait to see if VeriSign decides to raise the prices on .com and .net”

    LOL! But ICANN would surely block such a move Michael, right? 😉

  2. MHB says

    Max

    I think VeriSign is “entitled” to raise rates again under the wonderful agreement ICANN signed with them years ago.

    Of course by wonderful, I mean a one sided contract without regard to domain holders rights or interests.

  3. Jamie Parks says

    I may be mistaken, but from what I understand, VeriSign (in the past) has normally given registrars a 6 month notice before raising their rates. Those that I have spoken with who are involved at the registrar level, have yet to confirm any new news about a rate increase coming in this year. Not sure if this is a stipulation as outlined in it’s agreement with ICANN, still trying to get confirmation on this, but considering the fragile state of the global economy and VeriSign’s recent earnings report, I doubt we’ll see them gouge the domaining community before the end of 2009. You never know though… either way increases are coming.