Verisign ( (VRSN) ) has released its Q1 earnings. Here is a breakdown of the information Verisign presented to its investors.
Verisign, Inc., a global leader in internet infrastructure and domain name registry services, plays a crucial role in maintaining the security and stability of the internet by managing key domain name systems and operating two of the 13 global internet root servers.
In its first quarter of 2025, Verisign reported a revenue increase of 4.7% compared to the same period last year, reaching $402 million. The company also announced a new quarterly cash dividend, reflecting its commitment to returning value to shareholders.
Key financial highlights include an operating income of $271 million and a net income of $199 million, with diluted earnings per share rising to $2.10 from $1.92 in the previous year. Verisign also issued $500 million in senior notes and repurchased 1 million shares of its common stock, demonstrating robust financial management.
The company ended the quarter with $649 million in cash and marketable securities, a $49 million increase from the end of 2024. Despite a slight decrease in domain name registrations, Verisign processed 10.1 million new registrations, indicating continued demand for its services.
Looking ahead, Verisign remains focused on maintaining its leadership in the domain name industry while continuing to provide value to its shareholders through strategic financial decisions and consistent dividend payments.