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VeriSign Domain Name Industry Brief Shows Continued Strong Internet Growth

  • 06 March, 2007 11:00

<p>VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today released the VeriSign® Domain Name Industry Brief for the fourth quarter of 2006. According to the report, which highlights key industry data for worldwide domain name activity, total domain name registrations reached 120 million, representing a 32 percent increase over the previous year, and an eight percent increase over the third quarter of 2006.</p>
<p>The domain name industry continued to experience strong growth in the fourth quarter of 2006, with more than 11.6 million new registered domain names. This figure represents a three percent increase year over year and a 23 percent increase from the third quarter. There was an average of 10.1 million new domain names registered each quarter in 2006, compared to an average of 8.7 million new domain names registered each quarter in 2005.</p>
<p>Country Code Top Level Domain Names (ccTLDs) increased 31 percent year over year to 43.7 million, and 10 percent from the previous quarter with more than four million registrations. China added more than 500,000 domains in the fourth quarter alone, a 43 percent increase over last quarter.</p>
<p>The base of .com and .net domain names grew to 65 million domain names by the close of 2006, representing a six percent increase in the fourth quarter compared to the third quarter of 2006, and a 30 percent increase year over year. New .com and .net registrations were added at an average of 2.1 million per month in the fourth quarter of 2006 for a total of 6.2 million new registrations in the quarter.</p>
<p>Increasing Usage</p>
<p>VeriSign processed an average of 24 billion queries per day in operating the Internet infrastructure for .com and .net during the fourth quarter of 2006. The VeriSign Domain Name System (DNS) continued to maintain operational accuracy and stability for 100 percent of the time during the fourth quarter of 2006.</p>
<p>"With the number of global DNS queries increasing, the infrastructure has to be ready to respond," said Ken Silva, chief security officer, VeriSign. "The network is changing, and with new services like voice and video migrating to the Internet, and the proliferation of Internet-enabled devices, it’s important that the security and capacity requirements keep pace.”</p>
<p>VeriSign recently announced Project Titan, a major initiative to increase capacity of its Internet infrastructure ten-fold by 2010 to accommodate the continued growth of the Internet. More information on VeriSign's Project Titan may be obtained at www.verisign.com/titan.</p>
<p>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 2006 fourth quarter Domain Name Industry Brief, as well as previous reports, can be obtained at www.verisign.com/domainbrief.</p>
<p>About VeriSign</p>
<p>VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services that enable and protect billions of interactions every day across the world’s voice and data networks. Additional news and information about the company is available at www.verisign.com.au</p>
<p>Contacts</p>
<p>VeriSign Media Relations: Emma Keen, ekeen@verisign.com.au, +61 2 9236 0572</p>
<p>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 deploy and expand the technology referenced herein, to successfully develop and market new products and services, and customer acceptance of any new products or services; the possibility that VeriSign’s services and announced new services and technology may not result in additional customers, profits or revenues; and increased competition and pricing pressures. 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.</p>
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