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
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »