VeriSign Posts Strong Gains in Q4, 2012
Jan 25th 2013 1:28PM
Updated Jan 25th 2013 2:55PM
VeriSign reported Q4 and 2012 results yesterday. For the quarter, the company posted revenue of $230 million and net income of $106 million ($0.65 per diluted share) according to GAAP standards. The top line improved 13% on a year-over-year basis. The latter was nearly double the level of Q4 2011, but it includes special items that added around $15 million.
The average analyst expectation for this most recent quarter was for $229 million in revenue and EPS of $0.51.
For the full year, the company's revenue totaled $874 million, also 13% higher than in the preceding period. Net income was $320 million (diluted EPS of $1.95), up sharply from 2011's $143 million ($0.86).
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