VeriSign, Inc. (NASDAQ: VRSN), today reported financial results for the first quarter ended March 31, 2013 reported revenue of $236 million for the first quarter of 2013, up 15% from the same quarter in 2012.
Verisign reported the quarter ended with 123.1 million .com/.net domain name registered a 5.5% increase year over year.
Verisign reported net income of $85 million and diluted earnings per share (EPS) of $0.52 for the first quarter of 2013, compared to net income of $68 million and diluted EPS of $0.42 in the same quarter in 2012.
The operating margin was 56.4 percent for the first quarter of 2013 compared to 48.1 percent for the same quarter in 2012.
And of course that is without the guaranteed rate increases the Verisign enjoyed for the 6 year contract period that ended in 2012.
Share of Verisign which rose 1.5% in its regular session where up as much as 7% in after hours trading are no marginally up at $46.50 after opening the day at $45.49
Verisign ended the first quarter with Cash, Cash Equivalents, Marketable Securities and Restricted Cash of $1.57 billion, an increase of $9 million from year-end 2012.
- Cash flow from operations was $151 million for the first quarter compared with $110 million for the same quarter in 2012.
- Deferred revenues on March 31, 2013, totaled $847 million, an increase of $34 million from year-end 2012.
- Capital expenditures were $17 million in the first quarter of 2013.
- During the first quarter, Verisign repurchased approximately 3.0 million shares of its common stock for a cost of approximately $132 million. At March 31, 2013, approximately $844 million remained available and authorized under the current share repurchase program.
Business Highlights
- Verisign Registry Services added 1.99 million net new names and ended the first quarter with 123.1 million active domain names in the zone for .com and .net, representing a 5.5 percent increase year over year.
- In the first quarter, Verisign processed 8.8 million new domain name registrations as compared to 8.9 million for the same quarter a year prior.
I prefer .org over .net.
.net seems like a sub-par cousin of .com; whereas, .org carries a unique perceived purpose and credibility.
Glad to see increasing numbers though.
Hello MHB,
There is a coming consolidation of registrars on the horizon. After the gTLD Horde is gone the registrars will head into deep revenue cuts and it is our opinion that verisign will profit by buying many distressed Registrars assets for pennies on the dollar.
Verisign will wind up with the largest inventory of .COM Profit Centers as well as renewing .COM revenues. All other registrars such as GoDaddy and others will try to sell their businesses going forward, to unsuspecting buyers. Just our observation. We could be wrong? but do not think so.
Gratefully, Jeff Schneider (Contact group) (Metal Tiger)
R. E, = ” There is a coming consolidation of registrars on the horizon. After the gTLD Horde is gone the registrars will head into deep revenue cuts and it is our opinion that verisign will profit by buying many distressed Registrars assets for pennies on the dollar.
Verisign will wind up with the largest inventory of .COM Profit Centers as well as renewing .COM revenues. All other registrars such as GoDaddy and others will try to sell their businesses going forward, to unsuspecting buyers. Just our observation. We could be wrong? but do not think so. ”
Doesnt anybody know how Warren Buffet Thinks? We do ?
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
R. E. = ” R. E, = ” There is a coming consolidation of registrars on the horizon. After the gTLD Horde is gone the registrars will head into deep revenue cuts and it is our opinion that verisign will profit by buying many distressed Registrars assets for pennies on the dollar.
Verisign will wind up with the largest inventory of .COM Profit Centers as well as renewing .COM revenues. All other registrars such as GoDaddy and others will try to sell their businesses going forward, to unsuspecting buyers. Just our observation. We could be wrong? but do not think so. ”
Doesnt anybody know how Warren Buffet Thinks? We do ?
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Watch what Warren Buffet DOES not just what he says ! JAS 4/26/13
Jeff,
ok, we got it. the third time in a row you posted it in this thread, thanks.
not spammy at all brah..
Jeff
“There is a coming consolidation of registrars on the horizon. After the gTLD Horde is gone the registrars will head into deep revenue cuts and it is our opinion that verisign will profit by buying many distressed Registrars assets for pennies on the dollar.
Verisign will wind up with the largest inventory of .COM Profit Centers as well as renewing .COM revenues. All other registrars such as GoDaddy and others will try to sell their businesses going forward, to unsuspecting buyers. Just our observation. We could be wrong? but do not think so. ”
You know there is a difference between registries and registrars don’t you
You use the terms interchangeably and they are not
must be a simple typing mistake, right?
except this was said..
“Verisign will wind up with the largest inventory of .COM Profit Centers”
LOL
Hello MHB,
R. E. = ” You know there is a difference between registries and registrars don’t you ”
“You use the terms interchangeably and they are not”
Registrars registries, who cares about picking at straws? The basis for my comments are sound as you will soon discover.
” ” The Coming Domain Registrar Bubble Collapse ”
” Excessive Supply Tinges All Old, and New Market Bubbles ”
Those who warn their readership of this coming slow moving train wreck will feel good when they look in the mirror.
The coming Mash-Ups and Collisions caused by the gTLD experiment, will cause a massive flight of Online business owners to the Safety and Reliability of the .COM Franchise Marketing Model. Much as the Derivatives debacle of 07 sent investors to the safety and reliability of the treasury markets. (Flight To Safety)JAS 12/18/13
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Hello MHB,
Why havent you replied to my question above?
Jeff
You didn’t ask a question you went on a rant and made many statements
Hello MHB,
You consider my rants as rants whereby the smart money considers them early warning alarms. Current holders that Bob Parsons suckered into holding the bag are right now looking for buyers to divest to. Parsons can bail at will today or tomorrow,he has signed off for a reason, and that reason is he smelled the coming meltdown.
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Jeff
Still just another rant not a question
You asked me why didn’t you answer my question
I answered that
Now your ranting again.