VeriSign’s revenue for the third quarter of 2013 was $244 million, up 9 percent from Q3 2012, according to its financial results released on Thursday.
During the third quarter that ended on Sept. 30, 2013, Verisign Registry Services added 1.55 million new net names, ending with 125.9 million active domain names in the zone for .com and .net. This represents an increase of 5 percent over the zone at the end of Q3 2012. In August, the number of active .com registrations surpassed the 110 million mark.
“Our team continued to execute well and delivered sound operational and financial results. Also, during the third quarter we repurchased 6.8 million shares for $331 million,” Jim Bidzos, executive chairman, president and chief executive officer, VeriSign said.
In Q3 2013, Verisign processed 8.3 million new domain name registrations as compared to 7.8 million in Q3 2012.
While renewal rates are not fully measurable until 45 days after the end of the quarter, according to Verisign, the final .com and .net renewal rate for the second quarter of 2013 was 72.7 percent compared to 72.9 percent for the same quarter in 2012.
Verisign reported net income of $81 million and diluted earnings per share of $0.53 for Q3 2013. In Q3 2012, Verisign reported a net income of $78 million and diluted EPS of $0.47.