Feeds

VeriSign posts loss after $4.6bn charge

Swimming in the Red Sea

  • alert
  • submit to reddit

Intelligent flash storage arrays

ComputerWire: IT Industry Intelligence

VeriSign Inc yesterday reported a loss for the second quarter to June 30 of $4.8bn, compared to a loss of $11.2bn a year ago, on revenue that was up 37% at $317.4m. The company said the loss was mostly due to a $4.6bn acquisition write-down charge.

The company's enterprise and service provider division, which includes its recently acquired telecom concerns along with registry lookup and security services, delivered 67% of total revenue, the remainder coming from its mass markets division, which includes retail domain name and security services.

The VeriSign domain name registry had 27.3 million names in it at the end of the quarter, the company reported, up 2.7 million during the period. The registrar unit grossed 550,000 of these new domains, and renewed or transferred an additional 660,000, ending the period with 10.3 million domains, 9.6 million in .com/.net/.org, under management.

The digital certificate business issued 105,000 new and renewed certs, closing the quarter at a total of about 400,000, 275,000 of which came from its mass markets division. The payments gateway business added 5,000 customers to close the quarter with 75,000 paying users, processing about $3.4bn in the quarter.

© ComputerWire

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.