From Barchart:

Domain name registry operator Verisign (NASDAQ:VRSN) reported Q4 FY2023 revenue of $380.4 million, up 3% from last year, with a GAAP profit of $2.60 per share. The company operates and maintains infrastructure to support domain names like .com and .net. VeriSign’s e-commerce software solutions are in high demand, with digital retail spending accounting for only 20% of retail purchases. The company’s revenue growth was only 3% year on year, leaving some shareholders disappointed. However, it generated $808 million in free cash flow over the last 12 months. Despite a flat stock price, VeriSign’s Q4 results suggest the company is staying on target.



Read more: Revenue In Line With Expectations