VeriSign Q4 2025 Earnings Report

VeriSign EPS Results

• Actual EPS: $2.23
• Consensus EPS: $2.29
• Beat/Miss: Missed by -$0.06
• One Year Ago EPS: $2.00

VeriSign Revenue Results

• Actual Revenue: $425.30 million
• Expected Revenue: $424.04 million
• Beat/Miss: Beat by +$1.26 million
• YoY Revenue Growth: +7.60%

VeriSign Announcement Details

• Quarter: Q4 2025
• Date: 2/5/2026
• Time: After Market Closes
• Conference Call Date: Thursday, February 5, 2026
• Conference Call Time: 4:30PM ET

VeriSign (NASDAQ:VRSN) (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers. Its product offerings include managed DNS services, distributed denial-of-service (DDoS) mitigation and related security solutions, as well as analytics and threat intelligence capabilities that help customers detect and respond to internet-scale attacks. These services are positioned to complement the company’s registry expertise by addressing availability, performance and security requirements of organizations that depend on resilient online presence.

VeriSign serves a global customer base that includes domain name registrars, enterprise customers, web infrastructure providers and government entities. Its infrastructure and services are distributed and engineered for high reliability and scale, reflecting the need to support continuous resolution of domain names and protection against volumetric and application-layer attacks that can affect internet availability worldwide.

Founded in 1995 and headquartered in Reston, Virginia, VeriSign has evolved from early internet infrastructure roots into a company focused on registry operations and DNS-related security services. It is publicly traded on the NASDAQ under the ticker VRSN. The company’s operations and contractual obligations with internet governance bodies make it a foundational provider in the domain name ecosystem and a participant in broader efforts to safeguard and stabilize internet infrastructure.

VeriSign Q4 2025 Earnings Call Transcript

Key Takeaways

• Positive Sentiment: Verisign reported continued domain strength with the .com/.net base up 2.6% to 173.5 million names, 41.7 million new registrations in 2025 (highest since 2021), and a Q4 preliminary renewal rate of ~75%.
• Positive Sentiment: Financially the company delivered solid results—2025 revenue of $1.66 billion (+6.4%), EPS of $8.81 (+10.1%), free cash flow of $1.07 billion, and returned $1.1 billion to shareholders through buybacks and a newly instituted dividend (raised to $0.81/share).
• Neutral Sentiment: 2026 guidance calls for revenue of $1.715–1.735 billion and operating income of $1.16–1.18 billion, but expects higher capex ($55–65 million) driven by equipment refresh and AI-related capacity costs, and a GAAP tax rate of 22–25%.
• Neutral Sentiment: Management signaled possible new security/functionality services aligned with its DNS stewardship and said it is studying the upcoming ICANN gTLD round; it also reiterated the option to raise .com prices in the April/October timing window but gave no commitment.

Presentation

[Operator]

Good day, everyone. Welcome to Verisign's fourth quarter and full-year 2025 earnings call. Today's conference is being recorded. Recording of this call is not permitted unless pre-authorized. At this time, I would like to turn the conference over to Mr. David Atchley, Vice President of Investor Relations and Corporate Treasurer. Please go ahead, sir.

[David Atchley, VP of Investor Relations and Corporate Treasurer at Verisign]

Thank you, Operator. Welcome to Verisign's fourth quarter and full-year 2025 earnings call. Joining me are Jim Bidzos, Executive Chairman, President, and CEO, and John Calys, Executive Vice President and CFO. This call and presentation are being webcast from the Investor Relations website, which is available under About Verisign on Verisign.com. There you'll also find our earnings release. At the end of this call, the presentation will be available on that site, and within a few hours, the replay of the call will be posted. Financial results in our earnings release are unaudited, and our remarks include forward-looking statements that are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically the most recent reports on Form 10-K and 10-Q. Verisign does not update financial performance or guidance during the quarter unless it is done through a public disclosure.

[David Atchley, VP of Investor Relations and Corporate Treasurer at Verisign]

The financial results in today's call and the matters we will be discussing today include GAAP results and two non-GAAP measures used by Verisign, Adjusted EBITDA and free cash flow. GAAP to non-GAAP reconciliation information is appended to the slide presentation, which can be found on the Investor Relations section of our website, available after this call. Jim and John will provide some prepared remarks, and afterward, we will open the call for your questions. With that, I would like to turn the call over to Jim.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Thank you, David. Good afternoon to everyone, and thank you for joining us. 2025 marked another solid year for Verisign as we continued to deliver on our mission by extending our record of 100% service delivery for the .com and .net DNS to an unparalleled 28 years, even as utilization of our services increased significantly. New registrations during 2025 totaled 41.7 million names, the largest we have seen since 2021. During the year, the domain name base grew by 4.5 million names or 2.6%, leading to a 2025 ending .com, .net domain name base of 173.5 million names. Our revenue grew 6.4% year-over-year, while EPS grew by 10.1%.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

In 2025, we returned $1.1 billion to shareholders through share repurchases and quarterly dividends, which were initiated in the second quarter of 2025. The positive domain name base trends we saw developing in late 2024 gained strength and continued throughout 2025. During the year, we saw sustained strength in new registrations, renewal rates, and domain name base growth across our three main regions, the U.S., EMEA, and APAC. It is clear to us that end users are seeing value in domain names and the domain name system, as evidenced by our strong domain name metrics and the increasing utilization of our infrastructure.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Net registrations added during the fourth quarter were 1.58 million names, driven by the strength of new registrations of 10.7 million, which is up from 9.5 million in Q4 of 2024, and a preliminary Q4 renewal rate of 75%, compared to 74% a year ago. We continued to see solid demand for our domain names during the fourth quarter and ongoing registrar engagement with our programs. As we look to 2026, we're encouraged by the continued strength as we exited 2025 and registrar feedback on our 2026 marketing efforts. For 2026, we expect a domain name base growth rate of between 1.5% and 3.5%. As a reminder, you can monitor the progression of the domain name base, which is updated daily on our website.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Our financial and liquidity position remains stable, with $581 million in cash, cash equivalents, and marketable securities at the end of the quarter. There was $1.08 billion remaining available at the end of the quarter under the current share repurchase program, which has no expiration. As announced in today's earnings release, Verisign's Board of Directors declared a cash dividend of $0.81 per share of Verisign's outstanding common stock to stockholders of record as of the close of business on February 19, 2026, payable on February 27, 2026. This quarterly amount is an increase of 5.2%, which is consistent with the increase in net income we saw during 2025. Verisign intends to continue to pay a cash dividend on a quarterly basis, subject to market conditions and approval by Verisign's Board of Directors.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Now I'd like to turn the call over to John. I'll return when John has completed his financial report with closing remarks.

[John Calys, EVP and CFO at Verisign]

Thank you, Jim, and good afternoon, everyone. For the year ended December 31, 2025, the company generated revenues of $1.66 billion, up 6.4% year-over-year. Operating income totaled $1.12 billion in 2025, up 5.9% from the previous year. full-year EPS was $8.81, and 2025 free cash flow was $1.07 billion. For the quarter ended December 31, 2025, the company generated revenue of $425 million, up 7.5% from the same quarter a year ago. Operating expense in Q4 2025 totaled $140 million, which compares to $135 million last quarter and $132 million for the fourth quarter of 2024.

[John Calys, EVP and CFO at Verisign]

During the fourth quarter, we recorded an impairment charge on real estate we intend to sell, which accounted for a majority of the sequential quarter increase.

[John Calys, EVP and CFO at Verisign]

... in operating expenses. Net income in the fourth quarter totaled $206 million, compared to $213 million last quarter and $191 million in the fourth quarter of 2024. Fourth quarter diluted earnings per share was $2.23, compared to $2.27 last quarter and $2 for the same quarter of 2024. Net income reflects a higher income tax expense booked during the fourth quarter, primarily due to foreign-based income taxes. Operating cash flow for the fourth quarter of 2025 was $290 million, and free cash flow was $285 million, compared with $232 million and $222 million dollars, respectively, in the year-ago quarter.

[John Calys, EVP and CFO at Verisign]

The increase in our free cash flow is partly due to higher quarterly earnings, increased cash from working capital, and lower cash tax payments. I will now discuss our full-year 2026 guidance. Revenue is expected to be between $1.715 billion and $1.735 billion. Operating income is expected to be between $1.16 billion and $1.18 billion. The midpoint of our revenue range and operating income range reflect an expected operating margin more consistent with our long-term trend as compared with the level we saw during fourth quarter of 2025.

[John Calys, EVP and CFO at Verisign]

Interest expense and non-operating income net, which includes interest income estimates, is expected to be an expense of between $57 million and $67 million, as our expectations for interest income are lower due to lower short-term rates and lower cash balances. Capital expenditures are expected to be between $55 million and $65 million, which is higher than our typical range, primarily for two reasons. First, we have a larger amount of end-of-life equipment that we are replacing in 2026, along with planned capacity expansion, both of which are facing significantly higher costs, largely attributable to intense AI industry driven demand and supply constraints. Additionally, we are planning a few capital improvement projects to our corporate headquarters. The GAAP effective tax rate is expected to be between 22% and 25%, as we are seeing a slight increase in foreign taxes.

[John Calys, EVP and CFO at Verisign]

In summary, Verisign continues to demonstrate sound financial discipline during the fourth quarter and throughout 2025, and as you can see from our guidance, we expect continued solid financial performance during 2026. I will now turn the call back to Jim for his closing remarks.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Thank you, John. We're pleased with the progress we made during 2025 and look forward to delivering on our mission during 2026. I've said over the years that while we divested what we considered non-core businesses, we would continue seeking and evaluating ways to offer enhanced functionality or security services that are consistent with our mission. We've continued this evaluation, and we now believe we have strong candidates for new services that can help reduce known and unknown vulnerabilities and contribute significantly to information trust. These potential new services are strongly aligned with our core mission, leverage our long history of pioneering DNS and security technology, and can be offered to new or existing customers throughout our channel. We'll share more in the coming months. Thanks for your attention today. This concludes our prepared remarks, and now we'll open the call for your questions.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Operator, we're ready for the first question.

[Operator]

Thank you. If you are using a speakerphone, please make sure your mute function is off to allow your signal to reach our equipment. Once your question has been stated, please mute your line. We will take our first question from Rob Oliver with Baird.

[Rob Oliver, Managing Director and Senior Research Analyst of Software at Baird]

Great. Good afternoon, Jim, on the last quarterly call, you talked at some length about your view on AI and its impact on the domain base, and that it actually was driving some benefit. Clearly, there's a lot of concern in the market around the open web and AI's impact on the web structure. So can you talk a little bit about, you know, give us an update on what you're seeing there, how much you think an uptick in activity on AI is contributing to some of this domain resurgence, and what you're seeing among the domain base? And then I had a couple of follow-ups.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Okay, so impact of AI on our business, it's certainly having some impact, but it's one of several components that we've talked about before. We've talked about the utility of a domain name and its value. We've talked about the domain name as a digital trust anchor. We've talked about the reliability of our services, 28 years of uninterrupted service and uptime availability, all significant contributors. Internet use is growing, traffic is expanding. We believe with confidence that a good portion of that is due to AI, and AI is benefiting us, as we've said, in several different ways. I mean, one interesting way is that the registrars are putting AI to work and developing tools that users find easier to build a website and also to select a good domain name.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

But we're also seeing that AIs building LLMs are. We've all read about how they're basically scraping the internet and collecting data. We see that in the increase in our queries. That's an indication that there's increased activity and traffic. No doubt, a portion that we difficult to measure with precision, but no doubt that a portion of that is AI. And that just means a greater dependence on the DNS. AIs are going to have to, especially agentic AIs, obviously, conducting multiple tasks for people, are going to have to navigate. They're gonna have to refresh data, collect current data. They're going to be using the DNS to do that.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

So increased dependence on it, increased value and utility of domain names, the established governance structure that exists for the DNS, a secure, trusted anchor that's supported across most of the world's countries and in a well-governed system by ICANN, I think is just proving its value as the load on this infrastructure grows. And AI is undoubtedly a huge part of that, and I think it's probably safe to say that it's gonna continue to grow for well into the foreseeable future.

[Rob Oliver, Managing Director and Senior Research Analyst of Software at Baird]

Great, really helpful. And then I wanted to pivot to the marketing programs. You know, you called out, you know, going back to 2024, when you guys made the call that you were going to pursue some new strategic marketing programs. Those have definitely had an impact and are playing out really nicely. I was wondering if you could just address, you know, where in particular you're seeing that impact. Is it across the board? Is it more nontraditional channels? And then, are there any tweaks you guys are making to the marketing programs coming into 2026?

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Sure. Let me first say this. I think we can sort of break this into two pieces. One is the registrar channel, of course, who engage with these programs and actually make the sales. First, I'll say that over the years, that channel has evolved. Their business models have evolved. There have been some that have gone public, some that have gone private, some that have changed management, some that have changed business strategies. And so, it took us a little while, but in 2024, we began to adjust and develop programs that met their needs far better. We're kind of a slow, careful, deliberate company. Our priority is our infrastructure and its secure operation. But give us credit, we did catch up.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

I think one of the most significant changes that we made was simply giving this evolving, changing channel the flexibility to choose from a basket of programs that we began to provide. That allowed them to engage in the ones that are most effective for them. We also included some aspects of the program that sort of incentivize, shall we say, registrations in the categories that tend to have stronger renewal rates. So, I think all of that is paying off.

[Rob Oliver, Managing Director and Senior Research Analyst of Software at Baird]

Great, really helpful. And then last quick one for me. I couldn't resist since you, you threw out a teaser at the end there, Jim. You know, you mentioned how you think AI is going to drive, you know, sort of increased dependence on that sort of trusted, secure, anchored DNS system that you guys play a critical role in. You mentioned some new services. I know we're going to get more information in the future, but just in the interest of, you know, trying to mitigate any surprises on any conference calls nowadays, any color around that would be helpful. You know, many folks, like me, have been around long enough to remember when you guys sold Verisign Security, and just be curious for any more color you can provide around what those additional services might be. Thank you.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Okay, Rob, thanks for all those questions. I guess what I can say is this: Yes, we did divest, kind of ending in 2015, a number of services that proved to be more distraction for us than real benefit, and maybe even sort of complicated matters in our core mission. We focused exclusively on our core missions starting in 2015. However, I've said consistently, maybe not every earnings call, not every year, but sporadically throughout the last 10 years, that we don't stop looking for ways to enhance things. And let me start by saying that we are constantly doing R&D. We are constantly improving our own infrastructure. We are supporting IETF standards. We're working to bring innovations and new technologies.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

A lot of them are made available at no cost if they, in our sort of stewardship role as stewards of .com and .net, the two of the 13 roots that we run, managing the root zone. All of these areas, we see ourselves as having stewardship responsibilities, and so, we're always looking to enhance security and stability. That's literally what we're about. If we find things that may be of interest to a broader community, either in a stewardship role or as a commercial product, they'd have to meet a number of different tests. It would, you know, they'd have. We're not going to become a sales organization. We're staying in our wheelhouse.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

I think, given the increased dependence on the internet, given the increased usage, given the further dependence on the internet itself and all of the infrastructure that it sits on, including ours, if there are small enhancements that we've made that we think could add value and benefit folks, either in functionality or particularly in security and stability, at some level, some of those appear as if they may have value to folks through our channel, and that's what I was alluding to. We'll have more to say about that in a few months.

[Rob Oliver, Managing Director and Senior Research Analyst of Software at Baird]

Great, very helpful. Thank you, Jim. Appreciate it.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Thank you.

[Operator]

We will take our next question from Jamesmichael Sherman-Lewis with Citi.

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Hi there. Good afternoon. Thank you for taking my questions. Two, if I may. First, on the 2026 domain guidance, can you unpack your assumptions, either macro or operational, that could drive domain growth to the low or the high end of the guide? The high end implies, you know, continued acceleration in domain growth.

[John Calys, EVP and CFO at Verisign]

Yeah, so our guidance really reflects what we've seen trend-wise.

[John Calys, EVP and CFO at Verisign]

...Over the last year, we've been encouraged by the trends. I think each of our major regions has showed growth during the year. And we monitor those trends. We also meet and talk regularly with our channel to see what trends they're seeing and to hear what their plans are. So, you know, we think our range encompasses the most likely outcome and our best estimate at the time. As the year progresses, we'll continue to update on that.

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Helpful. Thank you. Any expectations, then for maybe the ICANN auction? You know, in context of the .com domain growth acceleration we've seen, but also some emerging TLDs that have begun to scale faster. Just any insights into your approach here would be helpful.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Okay, I'm sorry. I missed, didn't quite catch the last part of that. The first part was about the upcoming ICANN auction, you said?

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Yes.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Okay. You mean their next round of new generic top-level domains? There may or may be auctions where they may have contention for domain names, but it isn't an open auction, it's an application process. I think that's what you're referring to, right? The one that opens in April.

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Yes, absolutely.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Oh, okay. Yes. So they're opening a round of new gTLDs, like they did roughly 15 years, 14, 15 years ago. And we... Are you asking us what our participation will be, or would - did you want some general comments on how we view ICANN's new round? I apologize. Some of your question broke up just a little bit.

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Yeah. Apologies for breaking up. I'm curious how you're thinking about new TLDs and your portfolio here.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Well, we're studying, ICANN hasn't opened the round yet, but we are studying it. We're looking for any opportunities that may present themselves. I think we would be an interested party, if there were something specific that would contribute to our strategic role as a critical infrastructure provider. I think of it that way. We do, of course, have .com .net and there is .web as well from the last round that we have an interest in. But, nothing more really to say about that now, other than the round opens up in April. There is a process that could include auctions, depending on contention, and then there's a lot of process behind that to launch a new gTLD.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

But, yes, we're familiar with it, we're studying it, and we don't have anything to say with respect to how we may view our own applications at this point.

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Perfect.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

But all of them, all, all of them will be visible shortly after the round opens. There will be a period, there'll be a period in time in which everyone's applications will be public and visible.

[Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi]

Great. Thank you.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Sure.

[Operator]

Thank you. We will take our last question from Alexei Gogolev with JPMorgan.

[Alexei Gogolev, Executive Director at JPMorgan]

Hello, everyone. Maybe first question, either Jim or John, could you double-click a bit more on the guidance? Obviously, I appreciate the range that you provided. Would it be possible to give a bit more granularity in your assumptions, how much domain growth are you assuming for .com? And, what sort of direction or trend are you assuming for .net?

[John Calys, EVP and CFO at Verisign]

Yeah, typically, we don't guide to .com and .net specifically. We guide to the domain base, that is the combination of those two. You know, I think, you know, over recent years, you know, .com, .net has had a little bit of a decrease in its size. You know, we've obviously implemented programs, some of which target .net and hopefully will have a positive impact. Our other programs, as Jim mentioned, are some of them, some of them are focused on specific use cases that we believe will drive better retention rates. You know, so we're pleased with what we saw last year. We've made some adjustments this year to those.

[John Calys, EVP and CFO at Verisign]

So we do think we have good momentum coming out of 2025 and starting the year right now. You know, I think we've talked in the past that, you know, while our renewal rates have improved here, during 2025, we have mentioned that, you know, we will have a higher mix of first-time renewal rates during 2026, so that'll potentially will pull down our overall renewal rate. But while I say that, you know, during 2025, both our first-time renewal rates and previous renewal rates have improved. So several positive trends throughout 2025 that seemed to gain steam as the year progressed, and obviously, we're doing the types of things that we think are important to continue that momentum and continue to build on it.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Yeah, and Alexei, I would say, we do treat the zone as a combination of .com and .net, but the daily report that we get, I'm sure you're aware, does show you what has happened in each of those, and you can track that as it progresses. That's helpful.

[Alexei Gogolev, Executive Director at JPMorgan]

... Thank you, Jim and John. And maybe just to follow-up on that, so it just seems like the midpoint of the guidance being a little bit conservative, considering the trend that we're seeing for .com at the moment. And I was just wondering if your assumptions, at least at the midpoint of the guide, are implying that the growth will taper off in the second half of the year. Is that the logic?

[John Calys, EVP and CFO at Verisign]

You know, we exited at 2.6% growth for 2025 over 2024, midpoint of 2.5. I feel like I'd be splitting hairs to explain that 0.1%. But you know, certainly, you know, if you look at the trend of our new registrations during 2025, they might be a little bit more back second half loaded, which, like I said, will impact our first time renewal rates. But we tend not to guide to quarterly numbers.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

Well, the other factor, Alexei, obviously. I know you're aware of this. I just want to point it out for some who may be new and just to remind everyone as well, that we don't sell directly. We sell through a channel, and it's a very, very diverse channel. There are many, many registrars with different business models. They're engaged in different programs. There's been quite a bit of change in the channel. There's been some M&A activity. So I kind of feel as if, you know, we're being given those factors. I think we're being pretty precise, given all the things that we don't control in that particular channel. So we try to tighten that range up as much as we can.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

John, as John said, you know, 0.1%, if we could, if we could be that close, I'm, I'm gonna feel like we, we pretty much hit the bullseye.

[Alexei Gogolev, Executive Director at JPMorgan]

I hear you, Jim. Thank you. Final question, maybe if you could comment on your intention to raise prices for .com. Have you made the decision? Are you going to raise prices this year, and when do you think you may announce that?

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

So we don't guide to pricing, but again, for those who may be new or unfamiliar, we do have the ability to raise prices in every six-year period in the back four years, 7%, each of those back four years. It requires six months notice. The first available price increase will come at the end of October of 2026, and therefore, if we choose to execute, some level of a price increase, the first opportunity to take advantage of that would be an announcement made in April. But we don't guide to it, but April isn't that far away, so you won't have to wait long to see what we're doing. But, I can't answer your question directly because it's our policy not to guide to price increases.

[Alexei Gogolev, Executive Director at JPMorgan]

Thank you. I appreciate the answers.

[Jim Bidzos, Executive Chairman, President, and CEO at Verisign]

You're welcome.

[Operator]

Thank you. This does conclude today's question and answer session. I would now like to turn the call back to David Atchley for final comments.

[David Atchley, VP of Investor Relations and Corporate Treasurer at Verisign]

Thank you, Operator. Please call the Investor Relations department with any follow-up questions from this call. Thank you for your participation. This concludes our call. Have a good evening.

[Operator]

This does conclude today's call. Thank you for your participation. You may now disconnect.

Participants

Executives

• John Calys, EVP and CFO

Analysts

• Alexei Gogolev, Executive Director at JPMorgan
• David Atchley, VP of Investor Relations and Corporate Treasurer at Verisign
• Jamesmichael Sherman-Lewis, VP and Equity Research Analyst at Citi
• Jim Bidzos, Executive Chairman, President, and CEO at Verisign
• Rob Oliver, Managing Director and Senior Research Analyst of Software at Baird