After the market closed today Verisign (NASDAQ: VRSN) reported earnings for the third quarter ended Sept. 30, 2011.

VeriSign, Inc. reported revenue of $197 million for the third quarter of 2011, up 4% from the prior quarter and up 14% from the same quarter in 2010.

As you can see below the quarter closed with over 112 Million domains registered and Verisign having over $1.2 Billion in the bank:

 

Verisign reported net income of $59 million and diluted earnings per share of $0.36 for the third quarter of 2011. This is compared to net income attributable to Verisign stockholders of $785 million and earnings per share attributable to Verisign stockholders of $4.48 on a diluted basis in the same quarter in 2010, which included a net gain of $737 million, net of tax of $244 million, on the sale of the Authentication Services business.

The operating margin was 45.2% for the third quarter of 2011 compared to 34.8% for the same quarter in 2010.

Financial Highlights

 

• During the third quarter of 2011, Verisign repurchased approximately 7.9 million shares of the company’s common stock for a cost of $235 million.

• Verisign ended the third quarter of 2011 with Cash, Cash Equivalents, Marketable Securities and Restricted Cash of $1.239 billion, a decrease of $160 million from the prior quarter and a decrease of $1.313 billion from the same quarter in 2010.

• Cash flow from operations was $108 million for the third quarter of 2011.

• Deferred revenues ended the third quarter of 2011 totaling $723 million, an increase of $9 million from the prior quarter and $69 million from the same quarter in 2010.

Business and Corporate Highlights

 

• Verisign Registry Services ended the quarter with 112 million active domain names in the adjusted zone for .com and .net, representing an 8% increase year-over-year.
• In the third quarter of 2011, Verisign processed 7.9 million new domain name registrations, representing a 6% increase year-over-year.
• On Sept. 26, 2011 Verisign announced that the company had appointed John Calys, vice president and controller to the additional position of interim chief financial officer.
• Verisign ended the third quarter of 2011 with 1,010 employees, compared to 1,040 at the end of the prior quarter.