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VeriSign Q1 Profit Rises; Appoints George Kilguss CFO - Quick Facts

VeriSign Inc. (VRSN) reported first-quarter net income of $68 million or $0.42 per share, compared to net income of $41 million or $0.24 per share in the same quarter in 2011.

On a non-GAAP basis, net income was $68 million or $0.42 per share for the first quarter of 2012, compared to net income of $55 million or $0.32 per share for the same quarter in 2011.

The company reported revenue of $206 million for the first quarter of 2012, up 13% from the same quarter in 2011.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share on revenues of $208.60 million for the quarter. Analysts' estimates typically exclude special items.

In addition, the company has appointed George Kilguss, III to the position of chief financial officer effective May 14, 2012. The company noted that Kilguss will report directly to Jim Bidzos, and will have full responsibility for the company's financial operations. John Calys will remain with the company as vice president, controller.

Kilguss most recently served as chief financial officer of Internap Network Services. In addition to Internap, Kilguss has served as chief financial officer of Towerstream Corporation and Stratos Global Corporation.

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