VeriSign Q2 revenue up 4.1% to $387M; EPS $2.01; board authorizes additional $1.11B buyback

VERISIGN INC/CA

Revenue $387M (+4.1% YoY); operating income $266M; net income $199M; diluted EPS $2.01 (vs $1.79).
.com/.net domain base 170.6M, down 2.2% YoY; renewal rate 74.1% (vs 75.5%).
Q2 share repurchases: 2.2M shares for $388M; total buyback authorization increased to $1.5B with no expiration.
Cash flow from operations $160M (vs $145M); deferred revenue $1.29B, up $43M from year-end.

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