Reglikedomain industry desk

Verisign notes 7.2% revenue jump, 1.23 million domain base increase

Verisign notes 7.2% revenue jump, 1.23 million domain base increase

Verisign turns in a solid quarter buoyed by .com price increase.

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Verisign (NASDAQ: VRSN) noted Q1 earnings following the market closed this afternoon.

The firm noted that Q1 revenue was up 7.2% compared to the same quarter last year. That’s (not coincidentally) regarding the same amount it was allowed to hike .com prices this year. Earnings were up 5.3%, and earnings per share increased 7.5% as the firm continued to buy back shares.

Verisign operated at a 64.8% operating margin in the quarter.

The firm processed 10.2 million fresh .com and .net domains in Q1 2022, compared to 11.6 million in the first quarter of 2021. Following accounting for deletions, an additional 1.23 million .com and .net domains were added to the base.

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