VeriSign (VRSN) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased, continuing the upward trend observed in recent periods. The growth was driven by ongoing business operations, though the pace of sequential expansion moderated.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased, continuing the upward trend observed in recent periods. The growth was driven by ongoing business operations, though the pace of sequential expansion moderated.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$387.1M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+4.1%
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 |
|---|---|---|
| Sep 30, 2023 | $376.3M | +5.4% |
| Dec 31, 2023 | $380.4M | +3.0% |
| Mar 31, 2024 | $384.3M | +5.5% |
| Jun 30, 2024 | $387.1M | +4.1% |
Revenue performance
Compared with the immediately preceding quarter, revenue showed a modest sequential increase. Relative to the same quarter one year earlier, the improvement was more pronounced, reflecting sustained year-over-year growth.
Quarterly comparison
The sequential growth rate was lower than the prior quarter's increase, indicating a deceleration in near-term momentum. However, the year-over-year comparison remained positive, underscoring consistent annual expansion.
What to watch
The company continued its share repurchase program during the quarter, which may affect future share count and capital allocation.