Verisign reported yesterday the financial results for the second quarter ended June 30,2010 .Verisign reported $164 million for the second quarter,up 4% over the previous quarter and 9% from the same quarter in 2009.
"With the expected closing of the sale of the Authentication Services business to Symantec, VeriSign will be focused on the Naming Services business where we are the market leader and where, with increasing Internet usage globally, we see opportunities for growth.Our second quarter results reflect continued positive Internet trends and continued operational discipline." ,said Mark McLaughlin, president and chief executive officer of VeriSign.
"Continued quarter-over-quarter revenue growth in Naming Services led to a GAAP operating margin of 30% and non-GAAP operating margin of 40.5%.Our recurring revenue business model helped us to maintain a healthy balance sheet, and we returned more than $275 million to shareholders in the first half of 2010 through share repurchases." ,said Brian Robins, chief financial officer of VeriSign.
Moreover,in the second quarter Versign added 7.9 milion new domain name registrations,representing a 13% growth year-over-year.
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