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TheDomains.com

Verisign Reports: 127.2 Million .Com/.Net Domains, Revenue up 10%; Has $1.7 Billion In Bank

February 6, 2014 by Michael Berkens

Verisign, Inc. (NASDAQ :VRSN ) reported financial results for the fourth quarter of 2013 and year ended Dec. 31, 2013.

Verisign, Inc. and subsidiaries (“Verisign”) reported revenue of $246 million for the fourth quarter of 2013, up 7% from the same quarter in 2012.

The operating margin was 53% for the fourth quarter of 2013 compared to 58.8% for the same quarter in 2012.

Verisign reported net income of $292 million and diluted earnings per share (EPS) of $1.94 for the fourth quarter of 2013, compared to net income of $106 million and diluted EPS of $0.65 in the same quarter in 2012.

Financial Highlights

Verisign ended the fourth quarter with cash, cash equivalents and marketable securities of $1.7 billion, an increase of $167 million from year-end 2012.

Cash flow from operations was $147 million for the fourth quarter of 2013 and $579 million for the full year 2013 compared with $171 million for the same quarter in 2012 and $538 million for the full year 2012.

Business Highlights

Verisign Registry Services added 1.29 million net new names during the fourth quarter, ending with 127.2 million active domain names in the zone for .com and .net, which represents a 5 percent increase over the zone at the end of the fourth quarter in 2012.

In the fourth quarter, Verisign processed 8.2 million new domain name registrations for .com and .net as compared to 8.0 million for the same period in 2012.

During 2013, Verisign processed 34.0 million new domain name registrations as compared with 33.1 million for 2012.

The final .com and .net renewal rate for the third quarter of 2013 was 72.7 percent compared with 72.5 percent for the same quarter in 2012.

Renewal rates are not fully measurable until 45 days after the end of the quarter. Non-GAAP Items

Filed Under: Domain Industry, VeriSign

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.

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Comments

  1. BrianWick says

    February 6, 2014 at 4:29 pm

    devastating.
    VeriSign needs to immediately raise the base cost of .com renewals and reservations 🙂

  2. google_user_32a03aaf9a37ae7b7f6fccf56544a0f1 says

    February 6, 2014 at 10:57 pm

    Who know – where i can find a list of all registered domain names? I have some idea – analyse this database and compute potential most popullar new gTLDs


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