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Adds 1.99 million domains in Q1: Verisign earnings

Adds 1.99 million domains in Q1: Verisign earnings

.Com registry Verisign notes first quarter earnings.

VerisignVerisign noted its first quarter earnings following the bell today.

In the first quarter it added a combined 1.99 million domain names in .com and .net. That brings the total to 123.1 million active domain names in the zone for .com and .net — a 5.5 percent increase year over year. This is an improvement over Q4 2012 when it added only 1.25 million names. But a better comparison my by Q1 of 2012, when it added 2.86 million names to the root.

It processed 8.8 million fresh domain name registrations in the quarter, down from 8.9 million in the same quarter last year but up from 8.0 million in Q4.

The firm noted $236 million revenue for the quarter, which is up 15% from the same quarter last year. GAAP net income was $85 million for the quarter.

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