Network Solutions, which runs the database that manages Internet addresses, said fourth-quarter profit more than doubled because it registered more Web site names.
Published:
11 February 2000 y., Friday
Its shares rose more than 14 percent.
Net income rose to $9.02 million, or 25 cents a share, from $3.72 million, or 11 cents a share, a year earlier. Revenue more than doubled to $75.9 million from $31.3 million. Network Solutions (NSI) registered a record 1.6 million new Internet addresses in the quarter, more than twice as many as a year earlier. The company had registered a total of 8.1 million addresses as of Dec. 31, 1999.
At the 1 p.m. PST close of regular trading, NSI shares were up $36.31 at $292.31; earlier they reached $300.75.Before today, they were up 18 percent this year. The company_s profit beat the 23 cents average estimate of analysts polled by First Call/Thomson Financial. Yesterday, NSI agreed to become the exclusive provider of Web page registration services on online sites run by CMGI's AltaVista.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »