Verisign Reports 13% Growth In Year To End Q2

VeriSign logoVerisign reported financial results for the second quarter to end 30 June 2011 with reported revenue of $190 million for the quarter, up five per cent from the prior quarter and up 13 per cent from the same quarter in 2010.

Verisign Registry Services ended the quarter with 110 million active domain names in the adjusted zone for .COM and .NET, representing an eight per cent increase year-over-year.

In the second quarter of 2011, Verisign processed 8.1 million new domain name registrations, representing a two per cent increase year-over-year.

Other highlights of the report relating to domain names included:

  • On May 11, 2011, Verisign announced that it had entered into a Settlement Agreement and Mutual Release with the Coalition for ICANN Transparency, Inc. (CFIT), CFIT’s members and specified related parties that resolved the over five year long CFIT litigation
  • On June 28, 2011, Verisign announced that ICANN and Verisign have renewed Verisign’s contract to serve as the authoritative registry operator for the .NET registry for another six years
  • On 14 July, 2011, Verisign announced that as of 15 January, 2012, the registry fee for .COM domain names will increase from $7.34 to $7.85 and that the registry fee for .NET domain names will increase from $4.65 to $5.11, the maximum possible under the registry agreement with ICANN.

The full Verisign news release with further details of the financial results is available here.