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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT