VeriSign (NASDAQ:VRSN) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.56b (up 4.3% from FY 2023).
- Net income: US$785.7m (down 3.9% from FY 2023).
- Profit margin: 50% (down from 55% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$8.01.
All figures shown in the chart above are for the trailing 12 month (TTM) period
VeriSign Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
In the last 12 months, the only revenue segment was Registry Services contributing US$1.56b. The most substantial expense, totaling US$272.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how VRSN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for VeriSign (1 is a bit concerning!) that you need to be mindful of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:VRSN
VeriSign
Provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide.
Fair value with questionable track record.
Similar Companies
Market Insights
Community Narratives
