Benzinga | Jul 23, 2021 05:53AM EDT

VeriSign Beats On Q2 Earnings

* VeriSign Inc (NASDAQ:VRSN) reported second-quarter FY21 revenue growth of 4.8% year-on-year to $329.41 million, beating the analyst consensus of $327.95 million.

* The .com and .net domain name registrations in the domain name base improved 5.2% Y/Y to 170.6 million.

* The operating margin contracted 110 basis points to 64.7%.

* The EPS of $1.31 missed the analyst consensus of $1.32.

* VeriSign generated $143 million in operating cash flow.

* It held $225.43 million in cash, cash equivalents, and restricted cash at the end of the period.

* The company repurchased shares worth $172 million.

* Price action: VRSN shares closed up 1.48% at $233.53 on Thursday.