24 July 2014

VeriSign Earnings Conference Call, Decelerating Revenue Growth

Q2 2014 Verisign Earnings Conference Call - Thursday, July 24, 2014 4:30 PM ET
Listen to webcast
Earnings Results (pdf)
Earnings Presentation
Quarterly VRSN Convertible Debenture Dilution Q2- 2014 (pdf 87.0 KB)
Quarterly Results

Highlights of the latest analysis from Trefis (see above and below) on domain name registry Verisign:
  • country code top-level domains (ccTLDs) growing faster than the .com and .net 
  • As of Q4FY13: ccTLDs total 123 million || .com + .net total 127 million 
  • new additions into the root zone slowing due saturated nature of the .com domain name
  • .net domain name has not seen the same amount of traction as the .com domain name
  • renewal rates of domain names continue declining
  • no mention of new gTLDs as a factor (negative or positive)
VeriSign Pre-Earnings: Decelerating Revenue Growth to Continue -- Trefis: "Domain registry services provider VeriSign (NASDAQ:VRSN) is scheduled to report its second quarter results for fiscal 2014 Thursday, July 24. First quarter revenues grew 5% this fiscal year compared to 15% during a similar period in fiscal 2013. For full fiscal 2014, VeriSign expects revenues to grow between 4% and 5%, lower than the 11% registered in fiscal 2013. In addition to the slowing adoption of .com and .net domain names from new customers, revenue growth slowed down rapidly in Q1FY14 primarily due to falling renewal rates. The global domain name market registered 7.3% increase in Q4FY13 to 271 million domain names from a comparable period in FY12. During the same period, the base for country code top-level domains (ccTLDs) continued to grow faster than the .com and .net domain base. ccTLD domains notched a 12% increase to reach 123 million domain names while VeriSign’s domestic domain base of .com and .net domain names grew 5% to 127 million domain names... In terms of guidance for Q2FY14, the company expects a weak quarter with the zone growing 2-4% on a year-on-year basis before witnessing an acceleration in H2FY14...." (read more at Trefis links above and below)

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