VeriSign (VRSN) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential decline followed a period of consecutive quarterly growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential decline followed a period of consecutive quarterly growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$364.4M
Revenue reported for this quarter.
Quarter-over-quarter
-1.3%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $351.9M | +6.8% |
| Sep 30, 2022 | $356.9M | +8.3% |
| Dec 31, 2022 | $369.2M | +8.5% |
| Mar 31, 2023 | $364.4M | +5.0% |
Revenue performance
The reported revenue reflects a decline from the prior quarter, while still showing an improvement over the year-ago period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline marks a reversal of the prior upward trend, warranting attention in upcoming quarters.