Verisign, a Domain name registry services and internet infrastructure provider declared its Q2 2020 financial results. The company reported revenue of $314 million which is up by 2.6 from Q2 2019. The company additionally stated that it finished the second quarter of 2020 with cash, cash equivalents, and marketable securities of $1.19 billion, a reduction of $23 million from the end of 2019. For the second quarter of 2020, cash flow from operating activities was $215 million as associated to $165 million for the same quarter(second quarter) in 2019
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Registry price freeze
Verisign further declared that the company is planning to extend registry price freeze for each of its Top-Level Domains which incorporates .com and .net, through March 31, 2021. As per the declaration, the company plans to extend the waiving of the wholesale restoration fee for expired domains by the close of 2020.
Jim Bidzos, Executive Chairman and Chief Executive Officer, stated that as for several people who are working for home and isolating at home, online services are crucial. More extra businesses and individuals than ever rely on internet infrastructure for their subsistence. Dedication to their mission of sustaining our unparalleled record of uninterrupted.com and .net Dns is their first preference.
About Verisign
Verisign is a worldwide provider of domain name registry services and internet infrastructure that gives the capability of internet navigation for several of the globe’s well-known domain names. Verisign allows the security, stability, and resiliency of chief internet infrastructure and services such as offering root zone maintainer services, running two of the 13 global internet root servers, and offering registration services and authoritative resolution for top-level domains, which support the maximum or majority of global e-commerce. To know more about what it implies to be powered by Verisign, please visit Verisign.com
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