VeriSign Reports First Quarter 2005 Results
- Apr 20, 2005 04:10 PM (PR Newswire)
MOUNTAIN VIEW, Calif., April 20 /PRNewswire-FirstCall/ -- VeriSign, Inc.
(Nasdaq: VRSN), the leading provider of intelligent infrastructure services
for the Internet and telecommunications networks, today reported its results
for the first quarter ended March 31, 2005.
VeriSign reported revenue of $401 million for the first quarter of 2005, a
75 percent increase compared to the same period of 2004. On a GAAP basis,
VeriSign reported net income of $49 million for the first quarter 2005 and
earnings per share of $0.19 per fully-diluted share. This compares with net
income of $9 million and earnings per share of $.04 per fully-diluted share
for the same period of 2004.
On a non-GAAP, after tax basis, using a 30% effective tax rate on non-GAAP
pre-tax income of $95 million, earnings per share for the first quarter was
$0.25 per fully-diluted share, as compared to non-GAAP pre-tax income of $50
million and earnings per fully-diluted share of $0.14 for the same period in
2004. These non-GAAP results exclude the following items, which are included
under GAAP: amortization of intangible assets related to acquisitions, the
net gain or loss on the sale of investments or the impairment of investments,
restructuring and other recoveries/charges, and stock-based compensation
charges related to acquisitions. A table reconciling the non-GAAP to GAAP
numbers reported above is appended to this release.
...
- http://finance.lycos.com/home/news/story.asp?story=48510821
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