VeriSign Beats On Q2 Earnings

July 23, 2021 5:43 AM | 1 min read | Make a Comment

VeriSign Inc VRSN reported second-quarter FY21 revenue growth of 4.8% year-on-year to $329.41 million, beating the analyst consensus of $327.95 million.
The .com and .net domain name registrations in the domain name base improved 5.2% Y/Y to 170.6 million.
The operating margin contracted 110 basis points to 64.7%.
The EPS of $1.31 missed the analyst consensus of $1.32.
VeriSign generated $143 million in operating cash flow.
It held $225.43 million in cash, cash equivalents, and restricted cash at the end of the period.
The company repurchased shares worth $172 million.
Price action: VRSN shares closed up 1.48% at $233.53 on Thursday.