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
Commission sets out first finance proposals for Copenhagen pact on climate change.
more »
The World Bank today approved a US$39.5 million loan for the Rio de Janeiro Sustainable Rural Development Project in southeastern Brazil.
more »
The World Bank Board of Executive Directors approved today an additional US$7.8 million for the Colombia Peace and Development Project.
more »
In 2008, the total number of non-cash payments, using all types of instruments, increased by 5% to 78 billion in the EU.
more »
Current economic indicators seem to show a cautious recovery in some of the biggest European economies, such as Germany and France.
more »
Launch Early Operation Phase (LEOP) has been successfully completed and the Palapa-D communications satellite is now in the nominal geostationary orbit (GEO).
more »
The Supervisory Council of AB DnB NORD Bankas on 8 September 2009 elected Šarūnas Nedzinskas as a member of the bank‘s Management Board.
more »
In the last few months farmers across Europe have taken their tractors to the streets to protest at what is being termed the biggest milk crisis for decades.
more »
Mobile telecoms companies have pledged to support the EU’s campaign to equip new cars with a device that would automatically call for help in the event of an accident.
more »
Nordic and Baltic countries aim to strengthen cooperation of business and industry stakeholders.
more »