29 Apr '16, 8am

Verisign has great quarter but sees China growth slowing

Verisign has great quarter but sees China growth slowing Kevin Murphy , April 29, 2016, 08:22:46 (UTC), Domain Registries Verisign beat its sales expectations in the first quarter of the year, but leadership said rapid growth from Chinese registrants will now “normalize”. The .com/.net registry last night reported net income up 21% at $107 million, on revenue that was up 9.1% to $282 million. That’s based primarily on it selling 2.65 million net new .com/.net names during the quarter, at 7.1% increase on the Q1 2014 level baseline. It said it sold 10 million new names in the quarter, up from 8.7 million a year ago. For comparison, Q1 2015 saw 1.51 million net adds across the two TLDs. Three months ago, the company had predicted net adds to be 1.5 to 2 million names. It had 142.5 million names at the end of the quarter, 126.6 million of which were .com. CEO James Bidzos tol...

Full article: http://domainincite.com/20361-verisign-has-great-quarter-...

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