Free Historical Stock Data on Verisign
Stock Symbol: VRSN
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Business Description
VeriSign, Inc. (VeriSign) is a provider of critical infrastructure services. It is organized into two service-based lines of business: the Internet Services Group and the Communications Services Group. The Internet Services Group consists of the Security Services business and the Naming and Directory Services business. The Security Services business provides products and services that enable enterprises and organizations to establish and deliver secure Internet-based services, and the Naming and Directory Services business acts as the registry of domain names in the .com and .net generic top-level domains (gTLDs), and certain country code top-level domains (ccTLDs). The Communications Services Group provides network connectivity and interoperability services, Signaling System 7 (SS7) network services, intelligent database services, mobile content and application services, and clearing and settlement services.
Financial Information
For the fiscal year ended 12/31/04, revenues rose 11% to $1.17 billion. Net income totaled $186.2 million vs. a loss of $259.9 million. Revenues reflect the growth in Company's core internet and telecommunications business in 3rd Quarter. Net income also reflects higher operating margin.
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