SOURCE: VeriSign, Inc.

June 06, 2007 09:00 ET

Latest VeriSign Domain Name Industry Brief Spotlights Growth Indicators for First Quarter of 2007

MOUNTAIN VIEW, CA--(Marketwire - June 6, 2007) - VeriSign, Inc. (NASDAQ: VRSN)

Key Industry Stats and Trends for Q1 2007:

--  Top Level Domain (TLD) registration growth reached 31 percent year-
    over-year, and 6 percent over most recent quarter
--  Country code TLD (ccTLD) growth of 33 percent year-over-year, and 5
    percent quarter-over-quarter
--  New ccTLD registrations were up 86 percent year-over-year
--  10.7 million total new registrations worldwide in Q1 2007
--  Total worldwide base of 128 million domain name registrations
--  7 million registrations for new .com and .net domain names in Q1 2007
    
VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today released the VeriSign® Domain Name Industry Brief for the first quarter of 2007. The brief, which highlights key industry data for worldwide domain name activity, reports that total domain name registrations reached 128 million, representing a 31 percent increase over the same quarter in the previous year, and a 6 percent increase over the fourth quarter of 2006.

New domain name registrations reached 10.7 million during the first quarter of 2007, a signal that strong growth continues for the domain name industry. Coming off an unusually vigorous new registration rate in the fourth quarter of 2006, the first quarter's new registrations dropped 8 percent quarter-over-quarter, but showed a strong year-over-year increase of 25 percent.

Country Code Top Level Domain Names (ccTLDs) increased 33 percent year-over-year to 45.7 million, and 5 percent from the previous quarter. Though the approximately 2 million new ccTLD registrations totaled just roughly half of the record-breaking ccTLDs added last quarter, the number reflects an 86 percent increase from ccTLD registrations year-over-year.

VeriSign processed approximately 7 million new registrations for .com and .net domain names in the first quarter of 2007. This represented a 13 percent increase over the fourth quarter 2006 and a 13 percent increase over the first quarter 2006. At the close of the first quarter, VeriSign counted 69 million .com and .net domain name registrations in the base. This represents a 6 percent increase in the first quarter 2007 compared to the fourth quarter 2006, and a 28 percent increase year-over-year.

VeriSign processed an average of 30 billion Domain Name System (DNS) queries per day in the first quarter of 2007, resulting in millions of Internet users accessing Web sites or sending email. The VeriSign DNS continued to maintain operational accuracy and stability for 100 percent of the time during the first quarter of 2007 as it has for the past nine years.

Growth of .tv TLD Signals Trend

The VeriSign report also outlines emerging new opportunities for the .tv TLD. According to eMarketer, nearly 60 percent of U.S. Internet users -- or 107.7 million people -- regularly watched online video content in 2006. By positioning itself as the TLD that reflects more than the address of a Web site, the .tv TLD can earn global recognition as a destination for compelling rich media.

"The rapid and universal rise of online video is well documented," said Raynor Dahlquist, vice president at VeriSign. "This latest report notes that the .tv extension translates across cultures and geographies, since 'TV' triggers the same association in China as it does in Spain or the United States. Throughout the world, the phrase 'TV' means world-class entertainment, which explains why including major broadcast networks, sports leagues, gaming sites and training organizations have adopted the .tv extension for their business. This trend shows every sign of continued growth."

VeriSign publishes the Domain Name Industry Brief to provide Internet users throughout the world with significant statistical and analytical research and data on the domain name industry and the Internet as a whole. Copies of the 2007 first quarter Domain Name Industry Brief, as well as previous reports, can be obtained at www.verisign.com/domainbrief.

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services that enable and protect billions of interactions every day across the world's voice, video and data networks. Additional news and information about the company is available at www.verisign.com.

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 and Section 21E of the Securities Exchange Act of 1934. 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 the inability of VeriSign to successfully develop and market new products and services, and implement price increases, and customer acceptance of any new products, services, or price increases, including the price increases mentioned herein; the possibility that VeriSign's announced new products, services and price increases may not result in additional customers, profits or revenues; and increased competition. 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, 2005 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.