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Mar 31, 2023
Verisign Q1 2023 Earnings Report
Verisign's Q1 2023 revenue increased by 5.1% year-over-year, with operating income, net income, and EPS also showing growth.
Key Takeaways
Verisign reported a solid first quarter in 2023, marked by revenue growth and increased profitability. The company's focus on maintaining secure and reliable internet infrastructure contributed to these positive results.
Revenue increased by 5.1% year-over-year to $364 million.
Operating income rose to $241 million, compared to $225 million in the same quarter of 2022.
Net income reached $179 million, up from $158 million in the first quarter of 2022.
Diluted EPS increased to $1.70, compared to $1.43 for the same quarter of the previous year.
Forward Guidance
No forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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