28 Jul '11, 8pm

VeriSign Report Earnings: Revenue Up 13%; Net Income Up 50%: Q Ends With 110 Million Domains

After the market closed today VeriSign, Inc. (NASDAQ: VRSN), reported financial results for the second quarter ended June 30, 2011 . VeriSign, Inc. reported revenue of $190 million for the second quarter of 2011, up 5% from the prior quarter and up 13% from the same quarter in 2010. Of course in January 2011 Verisign is raising the fees on .net and .com registrations by 7% which should add to their bottom line for 2011, but 2010 is off to a great start for them. Verisign reported net loss of $(11) million and diluted net loss per share of $(0.06) for the second quarter of 2011, however that’s from a $100 million payment of contingent interest to holders of the 3.25% Junior Subordinated Convertible Debentures due 2037 (“Convertible Debentures”) in connection with a special dividend in May 2011, and a corresponding offsetting discrete income tax benefit of $40 million, which...

Full article: http://www.thedomains.com/2011/07/28/verisign-report-earn...

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