VeriSign reported Q2 2024 revenue of $387 million, up 4.1% YoY, with operating income rising to $266 million from $249 million in Q2 2023. Net income reached $199 million with diluted EPS of $2.01, compared to $186 million and $1.79 EPS in the same quarter last year. The company maintained its 27-year record of 100% availability for .com/.net domain resolution systems.The Board authorized an additional $1.11 billion for share repurchases, bringing the total available authorization to $1.5 billion with no expiration date. During Q2, the company repurchased 2.2 million shares for $388 million. The domain name base decreased 2.2% YoY to 170.6 million .com and .net registrations, with 9.2 million new registrations processed in Q2.Financial position remains strong with $690 million in cash and marketable securities, though down $236 million from year-end 2023. Operating cash flow improved to $160 million from $145 million YoY, while deferred revenues increased by $43 million to $1.29 billion from year-end 2023.

VeriSign reported Q2 2024 revenue of $387 million, up 4.1% YoY, with operating income rising to $266 million from $249 million in Q2 2023. Net income reached $199 million with diluted EPS of $2.01, compared to $186 million and $1.79 EPS in the same quarter last year. The company maintained its 27-year record of 100% availability for .com/.net domain resolution systems.The Board authorized an additional $1.11 billion for share repurchases, bringing the total available authorization to $1.5 billion with no expiration date. During Q2, the company repurchased 2.2 million shares for $388 million. The domain name base decreased 2.2% YoY to 170.6 million .com and .net registrations, with 9.2 million new registrations processed in Q2.Financial position remains strong with $690 million in cash and marketable securities, though down $236 million from year-end 2023. Operating cash flow improved to $160 million from $145 million YoY, while deferred revenues increased by $43 million to $1.29 billion from year-end 2023.