(Source: Datamonitor)

Internet infrastructure services provider VeriSign has reported a net income of $53.6m for the third quarter 2009, compared to a net loss of $201.09m in the year-ago quarter. Revenue increased 5% to $258m.
Operating income increased 12% to $75.13m, while diluted EPS was $0.28 compared to diluted net loss per share of $1.03. Cash flow from operations was approximately $105m during the quarter.
The company said revenue from internet infrastructure and identity services grew 6% to $257m. Naming services showed a 6% increase in active domain names to approximately 94.9 million, while SSL Services showed a 9% increase in installed base to 1.2 million.
During the quarter, VeriSign completed the sale of its Messaging and Mobile Media Services business to mobile services firm Syniverse Holdings for $175m, and its Managed Security Services unit to SecureWorks.
For the nine-month period, VeriSign has reported a net income of $153.5m compared to a net loss of $275.61m a year ago. Revenue increased 6% to $769.6m.
Mark McLaughlin, president and chief executive at VeriSign, said: "We had a good quarter and we're pleased with the strength of our core businesses both in terms of growth and operating leverage. As we enter the last quarter of 2009, and with our divestitures essentially behind us, we are focused on growing VeriSign's core businesses."
A service of YellowBrix, Inc.