Another strong quarter, raises guidance — Verisign has

.Com domain registrations continue to outpace prior years.

Verisign (NASDAQ: VRSN) noted second quarter 2021 earnings following the market closed today.

The firm noted another robust quarter, with 11.7 million fresh .com and .net domains registered in Q2. That compares to 11.1 million in the same quarter last year. Verisign ended the quarter with 170.6 million .com and .net domain name registrations in the domain name base, a 5.2% increase from the end of the second quarter of 2020, and a net increase of 2.59 million during the second quarter of 2021.

Noted revenue was $329 million, up 4.8% from the same quarter in 2020.

Revenue will start growing faster in Q3 as Verisign increases the wholesale cost of .com domains by 7% on September 1. The impact will aggregate over time and boost the firm’s by now stellar operating margin of regarding 65%.

The firm boosted annual guidance for revenue and domain base growth based on the results and its forecast for the remainder of the year.