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VRSN Nasdaq· Verisign Inc
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VRSN Nasdaq· Verisign Inc
Earnings report Q4 2023

Verisign Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

Verisign, a leading provider of domain name registry services, reported total revenues of $1.49 billion for the latest quarter. The company's revenue is primarily generated from the U.S., EMEA, China, and other countries. In the U.S., Verisign generated $994.7 million in revenue, representing a significant increase from the previous year's $937.6 million. EMEA contributed $228.2 million in revenue, while China accounted for $91.6 million. Other countries generated $178.6 million in revenue.

Strengths

Verisign demonstrated strong revenue growth in the latest quarter, with total revenues reaching $1.49 billion. The increase in revenue can be attributed to the company's continued dominance in the domain name registry services market. Verisign's services are essential for the functioning of the internet and support the majority of global e-commerce. The company's strong market position and reliable services have contributed to its revenue growth.

Challenges

While Verisign reported strong revenue growth, it is important to note that the company operates in a highly competitive market. There are other domain name registry service providers that could potentially challenge Verisign's market dominance. Additionally, regulatory changes or legal disputes related to domain name registrations could pose challenges to the company's revenue growth in the future.

Noteworthy

Verisign's revenue growth in the U.S. market was particularly noteworthy, with a significant increase from the previous year. This indicates the company's ability to capture a larger share of the U.S. domain name registry services market. The growth in revenue from other countries also highlights Verisign's expanding global presence.

Summary

Verisign reported strong revenue growth in the latest quarter, driven by its dominance in the domain name registry services market. The company's total revenues reached $1.49 billion, with significant contributions from the U.S., EMEA, China, and other countries. Verisign's strong market position and reliable services have supported its revenue growth. However, the company faces challenges from competitors and potential regulatory changes. Overall, Verisign's performance in the latest quarter reflects its ability to capitalize on the increasing demand for domain name registry services.

Source documents

Form 10-K  filed on Feb 15, 2024
110 pages scanned

Reference data

Company financials Q4 revenue 380M
Analyst estimates Q4 EPS beat by 39.78%
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