VeriSign Reports Third Quarter Results

Non-GAAP Operating Margin for Continuing Operations Increases Over 190 Basis Points to 23.4%VeriSign, Inc. reported financial results for the third quarter ended September 30, 2007. VeriSign reported total revenue of $377 million for the third quarter of 2007 with revenue from continuing operations of $374 million. see:VeriSign 3Q Profit Rises 25 Percent [AP]
VeriSign Inc., which manages domain name registries for Web sites, said Thursday its third-quarter profit rose 25 percent on strength in two of its business units.For the period ended Sept. 30, VeriSign posted a profit of US$19 million, or 8 cents per share, compared with a profit of $15.3 million, or 6 cents per share, in the year-ago period. Excluding stock-based compensation and other one-time charges, income in the latest quarter was $66.1 million, or 27 cents per share.