Earnings: VeriSign Revenues Rise $VRSN

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On July 24, 2015, Posted by , In Earnings,Technology, By ,,, , With Comments Off on Earnings: VeriSign Revenues Rise $VRSN

VeriSign, Inc., a global leader in domain names and Internet security, today reported financial results for the second quarter of 2015.

Second Quarter GAAP Financial Results
VeriSign, Inc. and subsidiaries reported revenue of $263 million for the second quarter of 2015, up 4.9 percent from the same quarter in 2014. Verisign reported net income of $93 million and diluted earnings per share of $0.70 for the second quarter of 2015, compared to net income of $100 million and diluted EPS of $0.71 in the same quarter in 2014. The operating margin was 56.7 percent for the second quarter of 2015 compared to 57.2 percent for the same quarter in 2014.

Quarterly Financial Highlights

Verisign cash and cash equivalents and marketable securities are $1.9 billion, up by $460 million as compared with year-end 2014.
Cash flow from operations was $175 million, compared with $121 million YoY.
Deferred revenues on June 30, 2015, totaled $932 million, up by $41 million from year-end 2014.

View the full earnings release here.

 

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