VeriSign (VRSN) Revenue — Quarter Ended Sep 30, 2023
Revenue increased for the quarter compared to both the prior quarter and the same quarter last year. The sequential growth was more modest than the year-over-year gain.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased for the quarter compared to both the prior quarter and the same quarter last year. The sequential growth was more modest than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$376.3M
Revenue reported for this quarter.
Quarter-over-quarter
+1.2%
Change from the immediately preceding quarter.
Year-over-year
+5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.5B
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 |
|---|---|---|
| Dec 31, 2022 | $369.2M | +8.5% |
| Mar 31, 2023 | $364.4M | +5.0% |
| Jun 30, 2023 | $372M | +4.2% |
| Sep 30, 2023 | $376.3M | +5.4% |
Revenue performance
Revenue in the current quarter was higher than both the immediately prior quarter and the comparable quarter of the prior year. The increase from the prior year was larger than the sequential increase.
Quarterly comparison
When compared to the preceding quarter, the revenue increase was smaller. The year-over-year increase was more substantial.
What to watch
The board authorized additional share repurchases during the quarter, supplementing the existing program.