VeriSign, Inc. (VRSN) Tops Q2 EPS by 3c; CEo Mark McLaughlin Resigns, Founder Jim Bidzos to Take Over
VeriSign, Inc. (
In addition, Verisign announced that Mark McLaughlin submitted his resignation to become the CEO of a private company. His last day with the company will be August 25, 2011. Mark concluded his board service at the regularly scheduled board of directors meeting on July 27, 2011 and resigned as president and chief executive officer effective August 1, 2011. Jim Bidzos, Verisign's founder and previous CEO, will become the president and chief executive officer effective August 1, 2011.
NASDAQ: VRSN) reported Q2 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $189.8 million versus the consensus estimate of $191.26 million.
In addition, Verisign announced that Mark McLaughlin submitted his resignation to become the CEO of a private company. His last day with the company will be August 25, 2011. Mark concluded his board service at the regularly scheduled board of directors meeting on July 27, 2011 and resigned as president and chief executive officer effective August 1, 2011. Jim Bidzos, Verisign's founder and previous CEO, will become the president and chief executive officer effective August 1, 2011.