Internet infrastructure services provider VeriSign has reported total revenues of $169m for the second quarter of 2010, an increase of 10% compared to $154.3m for the same quarter previous year.
The companies revenues from naming services grew by 9% to $168m for the second quarter of 2010, while the non-core content portal services (CPS) business revenue reached $1m during the second quarter of 2010.
The company posted an operating income of $51m for the second quarter of 2010, compared to $43m for the same quarter last year.
For the second quarter ended June 30, 2010, the company posted net income of $36.4m, a marginal increase over the previous years Q2 net income of $35.8m. Net income per diluted share was up by 6% to $0.19 from $0.18 per share for year ago quarter.
Brian Robins, chief financial officer of VeriSign, said: "Continued quarter-over-quarter revenue growth in Naming Services led to a GAAP operating margin of 30% and non-GAAP operating margin of 40.5%.
"Our recurring revenue business model helped us to maintain a healthy balance sheet, and we returned more than $275m to shareholders in the first half of 2010 through share repurchases."
