VeriSign, Inc. stock research
FY2023 Q1
VeriSign (VRSN) Gross Margin — Quarter Ended Mar 31, 2023
Revenue decreased compared to the prior quarter, while gross profit was also lower; cost of revenue declined slightly. Gross margin remained stable at the same level as the preceding quarter and improved relative to the same quarter one year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased compared to the prior quarter, while gross profit was also lower; cost of revenue declined slightly. Gross margin remained stable at the same level as the preceding quarter and improved relative to the same quarter one year earlier.
- Gross margin was unchanged from the prior quarter, indicating cost of revenue moved proportionally with revenue. The year-over-year improvement stems from a larger gross profit relative to revenue growth.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was slightly lower, and gross margin was stable. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was slightly lower, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
86.3%
Gross profit
$314.5M
Revenue
$364.4M
Cost of revenue
$49.9M
Quarter-over-quarter change
n/a
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $364.4M | $314.5M | $49.9M | 86.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin was unchanged from the prior quarter, indicating cost of revenue moved proportionally with revenue. The year-over-year improvement stems from a larger gross profit relative to revenue growth.
Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was slightly lower, and gross margin was stable. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was slightly lower, and gross margin improved.
Monitor whether the stable gross margin continues if revenue changes direction in future quarters.