VeriSign Inc., whose technology enables many e-commerce sites to communicate securely with customers, has reported a 1% increase in revenue in its core businesses in the third quarter to $256.91 million.
For the quarter ended Sept. 30 the company also reported:
- Revenue from VeriSign's naming services segment, which serves as the directory provider for 94.9 million active .com and .net domain names, rose 6% to $257 million.
- Revenue, including non-core businesses, grew 5% to $258.0 million from $245.9 million.
- Net income of $53.6 million, compared with a loss of $201.1 million a year earlier when the company had a $242.6 million loss from discontinued operations.
Verisign, which has been selling its non-core units since 2007, predicts more consistent cash flow in 2010.
"As we enter the last quarter of 2009, and with our divestitures essentially behind us, we are focused on growing VeriSign's core businesses,” says Mark McLaughlin, president and CEO.
VeriSign is the leading provider of security certificates to online retailers in the Internet Retailer Top 500 Guide, used by 132 of those retailers, according to the 2009 edition of the Top 500 Guide.
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