Replies to post #23974 on Seaniemac International Ltd (fka BETS)

[Drugdoctor]

VRSN - Verisign Last Trade: 35.85 Change: +1.93 +5.69%
Trade Time: 4:00PM ET
Just in case anyone had any doubts how the market reacted to our major partner's earnings released after the close yesterday... Here are the nongapp - without special charges.. results of operations.. Can you believe these results were bashed? lol


MOUNTAIN VIEW, CA – January 31, 2008 – VeriSign, Inc. (Nasdaq: VRSN), the leading provider of Internet infrastructure for the networked world, today reported financial results for the fourth quarter and fiscal year ended December 31, 2007.

Q4 2007 Financial Results

VeriSign reported total revenue of $386 million for the fourth quarter of 2007. On a non-GAAP basis (which excludes the items described below), VeriSign reported net income of $70 million for the fourth quarter of 2007 and earnings per share of $0.30 per fully-diluted share. A table reconciling the GAAP to non-GAAP results reported above is appended to this release.

“VeriSign’s core businesses and our strong operational execution continue to yield solid growth,” said Bill Roper, president and chief executive officer of VeriSign. “Our fourth quarter results support our decision to focus on our core strengths in Internet infrastructure. We are on track to deliver on the business strategy we outlined at our analyst day late last year.”

2007 Financial Results

For the year ended December 31, 2007, VeriSign reported total revenue of $1.5 billion, excluding $12 million from discontinued operations.


On a non-GAAP basis (which excludes the items described below), VeriSign reported net income excluding Jamba and Jamba Services of $251 million for 2007 and earnings per share of $1.03 per fully-diluted share.

“We met our financial goals for the fourth quarter, closing out a solid year as non-GAAP operating margin excluding Jamba improved over 650 basis points from year ago results,” said Bert Clement, chief financial officer of VeriSign. “The combination of a strong business model and operational rigor resulted in healthy operating cash flow of over $450 million and notable improvements in our balance sheet as we ended the year with strong cash and record deferred revenue.”

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125%2D08%2D016987%2Etxt&FilePath=%5C2008%5C01%5C31%5C&CoName=VERISIGN+INC%2FCA&FormType=8%2DK&RcvdDate=1%2F31%2F2008&pdf=