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VeriSign Beats On Q2 Earnings

VeriSign Beats On Q2 Earnings
  • VeriSign Inc (NASDAQ: VRSNreported 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.

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