Verisign ( NASDAQ: VRSN) announced earnings today, they exceeded expectations and the stock is up over 5% in after hours trading.
For domain investors the news most interesting is that the price of .coms are going up. The price hike will take .com wholesale pricing to $8.39.
The company ended the fourth quarter with 165.2 million .com and .net domain name registrations in the domain name base.
Q4 non-GAAP net income was $157 million, or $1.38 per share, on revenue of $320.28 million. Wall Street was looking for earnings of $1.29 on revenue of $320.35 million.
For the full FY 2020, non-GAAP net income was $612 million, or $5.15 per share, on revenue of $1.2 billion.