On a GAAP basis, VeriSign reported revenue of $258 million from continuing operations for the third quarter of 2009. On a GAAP basis, VeriSign reported net income attributable to VeriSign, Inc. and subsidiaries of $54 million and earnings per share attributable to VeriSign, Inc. and subsidiaries of $0.28 on a diluted basis. GAAP operating margin for the third quarter was 29.1%.

On a GAAP basis, VeriSign reported segment revenue for Internet Infrastructure and Identity Services ("3IS"), or the "core" businesses of Naming Services and Authentication Services, of $257 million for the third quarter of 2009, up 1% from the prior quarter and up 6% year-over-year.

On a non-GAAP basis (which excludes items described below) for its core businesses, VeriSign reported net income attributable to VeriSign, Inc. and subsidiaries of $64 million for the third quarter of 2009 and diluted earnings per share of $0.33. Non-GAAP operating margin for the third quarter was 38.6%. A table reconciling the GAAP to the non-GAAP results reported above is appended to this release.

"We had a good quarter and we're pleased with the strength of our core businesses both in terms of growth and operating leverage," said Mark McLaughlin, president and chief executive officer of VeriSign. "As we enter the last quarter of 2009, and with our divestitures essentially behind us, we are focused on growing VeriSign's core businesses."

"Our execution over the past two years has been strong, even as we implemented a significant refocusing of the business," said Brian Robins, chief financial officer of VeriSign. "We have continued to deliver solid revenue and earnings growth. We believe VeriSign today has the operational focus and financial flexibility we need to deliver for our customers and move the business forward."

Business and Corporate Highlights

--  VeriSign Naming Services ended the quarter with approximately 94.9
    million active domain names in the domain name base for .com and .net,
    representing a 6% increase year-over-year.
--  VeriSign Business Authentication Services ended the quarter with 1.20
    million SSL certificates in the installed base, representing a 9% increase
    year-over-year.
--  VeriSign's average daily query load increased to 54 billion in Q3 from
    49 billion in Q2.
--  In October, VeriSign and RSA announced a technical and sales
    partnership that includes the integration by the end of December 2009 of
    the RSA SecurID Authentication Engine into the VeriSign Identity Protection
    (VIP) Authentication Service.
--  Subsequent to the end of the quarter, VeriSign completed the sales of
    the Global Security Consulting business, and Messaging and Mobile Media
    Services.  The proceeds from the sales of 13 of our former non-core
    businesses from November 2007 to date, including the sale of the remaining
    interest in the Jamba joint venture, are approximately $750 million.
--  VeriSign 2009 Analyst Day will be held on November 19 in New York
    City.  A live webcast of the event will be available at
    http://investor.verisign.com.
    

Financial Highlights

--  Revenue from discontinued operations was $41 million while the non-
    core Pre-Pay Billing business reported $1 million of revenue as part of
    continuing operations during the third quarter of 2009.
--  Transition services revenue for businesses previously divested is
    included in Other Income/Loss and was $1.2 million in the third quarter of
    2009 compared to $1.1 million in the second quarter.
--  VeriSign ended the third quarter of 2009 with Cash, Cash Equivalents
    and Restricted Cash of $1.4 billion, an increase of $124 million from the
    prior quarter.
--  Cash flow from operations, on a consolidated basis, was approximately
    $105 million for the third quarter of 2009 and $222 million year-to-date,
    after giving effect to a reclassification of $101 million of year-to-date
    excess tax benefits associated with stock-based compensation from operating
    cash flows to financing cash flows.
--  Capital expenditures, on a consolidated basis, were approximately $25
    million for the third quarter of 2009 and $66 million year-to-date.
--  Deferred revenue on September 30, 2009 totaled $881 million for
    continuing operations, an increase of $3 million from the prior quarter.
    

Non-GAAP Items

Non-GAAP results exclude the following items that are included under GAAP: discontinued operations, non-core businesses in continuing operations, stock-based compensation, amortization of other intangible assets, impairments of goodwill and other intangible assets, restructuring costs and non-cash interest expense. Non-GAAP financial information is also adjusted for a 30% tax rate which differs from the GAAP tax rate. A table reconciling the GAAP to non-GAAP net income is appended to this release. All non-GAAP figures for each period presented herein have been conformed to exclude the foregoing items under GAAP. Prior disclosures of non-GAAP figures may not exclude these same items and as such should not be used for comparison purposes.

Today's Conference Call

VeriSign will host a live teleconference call today at 2:00 p.m. (PST) to review the third quarter results. The call will be accessible by direct dial at (888) 676-VRSN (U.S.) or (913) 981-5530 (international). A listen-only live web cast and accompanying slide presentation of the earnings conference call will also be available at http://investor.verisign.com. A replay of this call will be available at (888) 203-1112 or (719) 457-0820 (passcode: 1432650) beginning at 7:00 p.m. (PST) on November 5 and will run through November 11. This press release and the financial information discussed on today's conference call are available on the Investor Relations section of the VeriSign website at http://investor.verisign.com.

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at www.verisign.com.

VRSNF

Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as increasing competition and pricing pressure from competing services offered at prices below our prices, market acceptance of our existing services and the current global economic downturn, the inability of VeriSign to successfully develop and market new services, the uncertainty of whether new services as provided by VeriSign will achieve market acceptance or result in any revenues and the uncertainty of the expense and duration of transition services and requests for indemnification relating to completed divestitures. More information about potential factors that could affect the Company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.

                   VERISIGN, INC.