VeriSign Inc. reported net income of $115 million for the fourth quarter, compared to a loss of $32 million last year.
The Internet infrastructure services company reported revenue of $356 million for the quarter ended Dec. 31, up from $252 million last year.
“We are very pleased with the continued strength in our Internet and Communications lines of business,” said Dana Evan, CFO of the Mountain View, CA firm. “Our strong sequential revenue growth in the fourth quarter, coupled with ongoing operational leverage, led to significant margin and earnings expansion and record operating income and operating cash flow in the quarter.”
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