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SOFTWARE INDUSTRY NEWS |
VeriSign reports second quarter financials |
|
 VeriSign, Inc. has reported its financial results for the second quarter ended June 30, 2010.Reported revenue from continuing operations was $169 million, up 4% from the prior quarter and 9% from the prior year. Net income attributable to stockholders was $35 million, marking diluted earnings per share of $0.19 for the quarter as compared to $0.18 in the same quarter in 2009. Operating margin was 30% for the quarter as against 27.8% during the same quarter in 2009. Results from the Authentication Services business that was sold to Symantec were reclassified as discontinued operations, which posted revenue of $102 million during the quarter. Cash and cash equivalents was $1.339 billion. VeriSign bought 8.1 million shares of its common stock for a cost of $227 million during the quarter. Operating cash flow was $149 million. |
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