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VeriSign, the Reston, Virginia-based company that runs the global database of principal domain names on the Internet, this afternoon reported Q3 revenue that topped analysts’ expectations, and profit well ahead of consensus, and raised its forecast for the full year, citing increased Internet activity amidst the COVID-19 pandemic.
VeriSign stock declined by 2% in late trading following the report.
Revenue rose 3.1%, year over year, to $317.9 million, yielding EPS of $1.49 a share.
That compares to consensus for $316.07 million and $1.35 per share.
The company said it handled registrations for 10.9 million new domain names for .com and .net, up from the year-earlier period total of 9.9 million new domains. Total domain name registrations in VeriSign’s database for .com and .net at quarter’s end stood at 163.7 million, up 4% from the prior-year quarter.
CEO Jim Bidzos said business in the quarter reflected increased Internet usage prompted by
Reducing the number of events you are running is one way to handle budget reductions; however automating a number of the event processes involved is the more proactive and effective way of managing budget cuts. Most event organisers, whether in a local authority or in the commercial events market, just want to do more for less and the implementation of an online event software solution can help them achieve this by:
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Event Efficiency & ROI
Event managers in both the commercial market and within local authorities can … Read More