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Mar 31, 2020
Verisign Q1 2020 Earnings Report
Verisign's financial performance for Q1 2020, marked by revenue growth and a substantial increase in net income due to a tax benefit.
Key Takeaways
Verisign reported a 2.0% increase in revenue to $313 million. Net income significantly rose to $334 million, primarily due to a $168 million income tax benefit. Diluted EPS increased to $2.86.
Revenue increased by 2.0% year-over-year, reaching $313 million.
Net income rose to $334 million, influenced by a $168 million income tax benefit.
Diluted earnings per share (EPS) reached $2.86, including a $1.44 boost from the income tax benefit.
The company ended the quarter with 160.7 million .com and .net domain name registrations, a 3.8 percent increase year-over-year.
Forward Guidance
Verisign announced that it will freeze registry prices for all of its Top-Level Domains (TLDs), including .com and .net, through the end of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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