VeriSign, Inc. Provides Earnings Guidance for the Year 2021
July 22, 2021 at 04:30 pm EDT
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VeriSign, Inc. provided earnings guidance for the year 2021. The company will now discuss updated full year 2021 guidance. Revenue is now expected to be in the range of $1.322 to $1.331 billion. This narrowed and increased revenue range forecast reflects the updated domain name base growth rate expectation of between 4.7% and 6% that Jim mentioned earlier. The operating margin is now expected to be between 64.25% and 65%. This guidance range reflects expectation of incremental and continued investment in operational infrastructure and personnel in 2021.
VeriSign, Inc. is one of the main world leading computer services firms specializing in securing Internet and telecommunication infrastructures. The group offers domain name registration services as well as infrastructure maintenance services intended primarily for defense organizations.
Sales break down geographically as follows: the United States (65.8%), Europe/Middle East/Africa (15.9%), China (7.4%) and other (10.9%).