Telecom Lead America: VeriSign, a provider of Internet
infrastructure services for the networked world, has reported revenue of $206
million for the first quarter of 2012, up 13 percent as compared with $181.5
million for the same quarter in 2011.
Verisign reported net income of $68 million for the first
quarter of 2012, compared to net income of $41 million for the same quarter in
2011.
The operating margin was 48.1 percent for the first quarter
of 2012 compared to 36.1 percent for the same quarter in 2011.
Verisign ended the first quarter with Cash, Cash
Equivalents, Marketable Securities and Restricted Cash of $1.39 billion, an
increase of $40 million from year end 2011.
Cash flow from operations was $110 million for the first
quarter compared with $90 million for the same quarter in 2011.
The company posted capital expenditures at $13 million in
the first quarter of 2012.
“The first quarter was another record in terms of new
domain name registrations, reflecting the global growth in internet adoption
and e-commerce. We believe that the security and stability Verisign has
provided spanning two decades, and continues to provide, is an important factor
in that growth,” said Jim Bidzos, executive chairman, president and chief
executive officer.
During the quarter, Verisign Registry Services added 2.86
million net new names and ended the first quarter with approximately 116.7
million active domain names in the adjusted zone for .com and .net,
representing an 8.1 percent increase year-over-year.
In the first quarter, Verisign processed a record 8.9
million new domain name registrations, representing an increase of 7.7 percent
year-over-year.
The company has appointed George E. Kilguss, III to the
position of chief financial officer effective May 14, 2012. Kilguss will report
directly to Jim Bidzos, and will have full responsibility for the company’s
financial operations. John Calys will remain with the company as vice
president, controller.
Verisign posts 13% revenue growth in 2011 at $772 million
Verisign reported revenue of $772 million in 2011, up 13
percent from $681 million in 2010.Verisign reported
revenue of $204 million for the fourth quarter of 2011, up 3 percent from the
prior quarter and up 14 percent from the same quarter in 2010.
