VeriSign Posts Strong Gains in Q4, 2012
VeriSign reported Q4 and 2012 results yesterday. For the quarter, the company posted revenue of $230 million and net income of $106 million ($0.65 per diluted share) according to GAAP standards. The top line improved 13% on a year-over-year basis. The latter was nearly double the level of Q4 2011, but it includes special items that added around $15 million.
The average analyst expectation for this most recent quarter was for $229 million in revenue and EPS of $0.51.
For the full year, the company's revenue totaled $874 million, also 13% higher than in the preceding period. Net income was $320 million (diluted EPS of $1.95), up sharply from 2011's $143 million ($0.86).
The article VeriSign Posts Strong Gains in Q4, 2012 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in VeriSign The Motley Fool has no position in VeriSign. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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