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Verisign(VRSN) - 2022 Q4 - Annual Report
2023-02-16 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-23593 ———————— VERISIGN, INC. (Exact name of registrant as specified in its charter) | Delaware | 94-3221 ...
Verisign(VRSN) - 2022 Q4 - Earnings Call Transcript
2023-02-09 23:39
VeriSign, Inc. (NASDAQ:VRSN) Q4 2022 Earnings Conference Call February 9, 2023 4:30 PM ET Company Participants David Atchley - Vice President, Investor Relations and Corporate Treasurer Jim Bidzos - Executive Chairman and Chief Executive Officer George Kilguss - Executive Vice President and Chief Financial Officer Todd Strubbe - President and Chief Operating Officer Conference Call Participants Rob Oliver - Robert W. Baird Ygal Arounian - Citigroup Operator Good day, everyone. Welcome to VeriSign's Fourth ...
Verisign(VRSN) - 2022 Q3 - Earnings Call Transcript
2022-10-27 22:39
VeriSign, Inc. (NASDAQ:VRSN) Q3 2022 Earnings Conference Call October 27, 2022 4:30 PM ET Company Participants David Atchley - Vice President, Investor Relations and Corporate Treasurer James Bidzos - Chairman and Chief Executive Officer George Kilguss - Executive Vice President and Chief Financial Officer Todd Strubbe - President and Chief Operating Officer Conference Call Participants Rob Oliver - Baird Operator Good day, everyone and welcome to VeriSign’s Third Quarter 2022 Earnings Call. Today’s confere ...
Verisign(VRSN) - 2022 Q3 - Earnings Call Presentation
2022-10-27 21:13
Q3 2022 Earnings Conference Call October 27, 2022 Safe Harbor Disclosure Statements in this presentation other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding (i) Q3 2022 renewal rate expectations, (ii) Domain Name Base increase expectations, and (iii) our full year 2022 financial guidance ...
Verisign(VRSN) - 2022 Q3 - Quarterly Report
2022-10-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-23593 Indicate by check mark whether the registrant is a large ...
Verisign(VRSN) - 2022 Q2 - Earnings Call Transcript
2022-07-28 23:15
VeriSign, Inc. (NASDAQ:VRSN) Q2 2022 Earnings Conference Call July 28, 2022 4:30 PM ET Company Participants David Atchley - Vice President, Investor Relations and Corporate Treasurer James Bidzos - Chairman and Chief Executive Officer George Kilguss - Executive Vice President and Chief Financial Officer Todd Strubbe - President and Chief Operating Officer Conference Call Participants Rob Oliver - Baird Equity Research Operator Good day, everyone. Welcome to VeriSign’s Second Quarter 2022 Earnings Call. Toda ...
Verisign(VRSN) - 2022 Q2 - Earnings Call Presentation
2022-07-28 21:12
Q2 2022 Earnings Conference Call July 28, 2022 Safe Harbor Disclosure Statements in this presentation other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding (i) Q2 2022 renewal rate expectations, (ii) Domain Name Base increase expectations, and (iii) our full year 2022 financial guidance fo ...
Verisign(VRSN) - 2022 Q2 - Quarterly Report
2022-07-27 16:00
OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Registrant's telephone number, including area code: (703) 948-3200 Securities registered pursuant to Section 12(b) of the Act: | T ...
Verisign(VRSN) - 2022 Q1 - Earnings Call Presentation
2022-04-29 15:35
Q1 2022 Earnings Conference Call April 28, 2022 Safe Harbor Disclosure Statements in this presentation other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding (i) Q1 2022 renewal rate expectations, (ii) Domain Name Base increase expectations, and (iii) our full year 2022 financial guidance f ...
Verisign(VRSN) - 2022 Q1 - Earnings Call Transcript
2022-04-29 01:08
Financial Data and Key Metrics Changes - Revenues grew by 7.2% year-over-year, reaching $347 million for Q1 2022 [10][18] - Earnings per share (EPS) increased by 7.5% year-over-year, totaling $1.43 for Q1 2022 compared to $1.33 in Q1 2021 [10][20] - Operating income rose to $225 million, up 6.8% from $210 million in the same quarter a year ago [18] - Operating margin was 64.8%, slightly down from 65% in the same quarter last year [20] - Net income for the quarter was $158 million, compared to $150 million a year earlier [20] - Operating cash flow was $207 million, and free cash flow was $200 million, compared to $198 million and $192 million respectively for Q1 2021 [21] Business Line Data and Key Metrics Changes - The domain name base for .com and .net totaled 174.7 million, with .com at 161.3 million and .net at 13.4 million, reflecting a year-over-year growth rate of 4% [10][11] - New registrations processed in Q1 were 10.2 million, down from 11.6 million in Q1 2021 [11][39] - The renewal rate for Q1 2022 is expected to be approximately 75.9%, compared to 76% in Q1 2021 [12] Market Data and Key Metrics Changes - The company expects domain name base growth for 2022 to be between 1.75% and 3.5%, reflecting current trends [14][21] - Growth in the domain name base was primarily driven by the US, EMEA, and Asia Pacific regions [38] Company Strategy and Development Direction - The company remains focused on operating, protecting, and enhancing critical internet infrastructure [9] - Continued investments in personnel and infrastructure are planned to support growth [19] - The company is monitoring the process regarding becoming the .web registry operator, with no new updates available [16][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of global macroeconomic factors and the subsiding demand from pandemic-related growth on new registrations [13][30] - The company is studying the geopolitical environment's impact on business but has not made specific assumptions for the forecast [41] Other Important Information - The company has $1.2 billion in cash, cash equivalents, and marketable securities at the end of the quarter [14] - Share repurchases totaled $196 million for 895,000 shares, with $893 million remaining under the current repurchase program [14][15] Q&A Session Summary Question: Insights on Q1 performance and adjustments made - Management noted that various factors influenced the changes, including subsiding pandemic-related growth and global macroeconomic conditions [30][32] Question: Geographic impact of the war on business - Revenue from Russia, Ukraine, and Belarus is not material, but growth was primarily seen in the US, EMEA, and Asia Pacific regions [34][38] Question: Assumptions regarding geopolitical environment in forecasts - Management stated it is too early to make specific assumptions but acknowledged uncertainty in guidance [41] Question: Preparedness for cyber threats - The company has made significant investments in cybersecurity and continues to monitor the threat environment closely [44][46] Question: Update on .web registry status - Management confirmed no new information beyond what is publicly available from ICANN [48] Question: Components driving SG&A expenses - Increased labor costs and investments in cybersecurity and infrastructure were the main drivers of higher expenses [49]