VeriSign (VRSN) Reports Growth in Domain Name Registrations

September 4, 2008 9:39 AM EDT

VeriSign, Inc. (NASDAQ: VRSN) released the Domain Report for the second quarter of 2008, highlighting the continued growth of the Internet globally. At the midpoint of 2008, there were 168 million domain name registrations across all of the Top Level Domain Names (TLDs). This represents a 4% increase over the first quarter of 2008 and 22% growth over the same quarter last year.

The base of Country Code Top Level Domain Names (ccTLDs) totaled 65 million domain names, a four percent increase quarter over quarter and a 27 percent increase year over year.

The composition of the domain name industry and rank order in terms of base size remained relatively constant with the largest TLDs remaining in the same rank order. The largest TLDs in terms of base size were .com, .de, .cn, .net, .uk, .org, .info, .nl (The Netherlands), .eu (European Union), and .biz.

VeriSign processed peak loads of more than 48 billion Domain Name System (DNS) queries per day in the second quarter of 2008, resulting in millions of Internet users accessing Web sites or sending email. The VeriSign DNS continued to maintain 100% uptime during the second quarter of 2008, as it has for the past decade. [SM]

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