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Verisign narrows domain growth guidance
Kevin Murphy,
May 2, 2023, 15:52:54 (UTC),
Domain Registries
Verisign cast a slightly more optimistic light on the potential for .com and .net growth last week, as it reported a modest improvement in first-quarter sales.
Management told analysts that it’s now expecting domain growth of between 0.5% and 2.25% for the year — a boost to the low-end but a lowering of the high-end.
In February, it had predicted growth of between 0% and 2.5%.
For Q1, the company reported domain growth of just 0.1% There were 174.8 million .com and .net domains at the end of the quarter, up by a million from the start of the year.
Verisign reported net income of $179 million, up from $158 million a year ago, on revenue that increased 5.1% at $364 million.
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