Internet infrastructure service provider VeriSign reported a rise in profits in the second quarter following increased sales from its domain name registration business.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
VeriSign's naming services revenue reached $168m in the second quarter of 2010, up 9% compared with the same quarter in 2009.
Revenue from discontinued operations was $102m for the second quarter. "With the expected closing of the sale of authentication services business to Symantec, VeriSign will be focused on the naming services business," said president and chief executive officer of VeriSign, Mark McLaughlin.
"Our second quarter results reflect continued positive internet trends and operational discipline," he added.
Between April and June this year, VeriSign also reported an increase of new domain name registrations by 13% to 7.9 million and bought back 8.1 million shares for $227m.