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AI English summary of an SEC filing — figures as filed

Verisign logoVerisign VRSN

The company said revenue for Q1 2024 was $384 million, up 5.5% from a year earlier, with operating income of $259 million, net income of $194 million and diluted earnings per share of $1.92.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q1 2024 was $384 million, up 5.5% from a year earlier, with operating income of $259 million, net income of $194 million and diluted earnings per share of $1.92.

  2. The company said operating cash flow for Q1 2024 was $257 million, roughly in line with $259 million a year earlier, and that cash, cash equivalents and marketable securities were $925 million, down $2 million from the end of 2023.

  3. The company said it repurchased 1.3 million shares of common stock for a total of $260 million in Q1 2024, and that $860 million remained for future repurchases under its repurchase program as of March 31, 2024, which has no expiration.

  4. The company said its .com and .net domain name registrations stood at 172.5 million at the end of Q1 2024, down 1.3% from the end of Q1 2023, while new registrations were 9.5 million, compared with 10.3 million a year earlier.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Verisign Q1 2024 revenue of $384 million, net income of $194 million

The company said revenue for Q1 2024 was $384 million, up 5.5% from a year earlier, with operating income of $259 million, net income of $194 million and diluted earnings per share of $1.92.

Source · Based on the filing body and exhibits

Verisign Q1 operating cash flow $257 million

The company said operating cash flow for Q1 2024 was $257 million, roughly in line with $259 million a year earlier, and that cash, cash equivalents and marketable securities were $925 million, down $2 million from the end of 2023.

Source · Based on the filing body and exhibits

Verisign repurchases 1.3 million shares, $860 million left under buyback

The company said it repurchased 1.3 million shares of common stock for a total of $260 million in Q1 2024, and that $860 million remained for future repurchases under its repurchase program as of March 31, 2024, which has no expiration.

Source · Based on the filing body and exhibits

.com, .net registrations 172.5 million, new registrations 9.5 million

The company said its .com and .net domain name registrations stood at 172.5 million at the end of Q1 2024, down 1.3% from the end of Q1 2023, while new registrations were 9.5 million, compared with 10.3 million a year earlier.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.