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Dec 31, 2023
Verisign Q4 2023 Earnings Report
Verisign's Q4 2023 financial results were reported, showcasing revenue growth and solid financial performance.
Key Takeaways
Verisign reported a 3.0% increase in revenue to $380 million for Q4 2023. Net income for the quarter was $265 million, with diluted EPS of $2.60. The results included income tax benefits of $69.3 million, which increased diluted EPS by $0.68.
Revenue increased by 3.0% compared to the same quarter in 2022, reaching $380 million.
Net income was $265 million, which included $69.3 million in income tax benefits.
Diluted earnings per share (EPS) reached $2.60, including a $0.68 benefit from income tax adjustments.
The company ended the quarter with 172.7 million .com and .net domain name registrations.
Forward Guidance
Verisign announces that it will increase the annual registry-level wholesale fee for each new and renewal .com domain name registration from $9.59 to $10.26, effective Sept. 1, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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