Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Verisign reports 19 million in losses for first quarter
MOUNTAIN VIEW, Calif. (5/12/08)--Verisign announced a net loss of $19 million in the first quarter of 2008, according to a statement released Thursday. The company reported revenue of $354 million for the first quarter of this year. Generally accepted accounting practices (GAAP) results indicated a $25.5 million loss on assets for sale, and a loss of $26.5 million for continuing and discontinued operations in a restructuring. Non-GAAP results indicated a net income of $44 million for the first quarter of 2008. Revenue for Versign core businesses was $223 million, up 5% from the fourth quarter of 2007. During first quarter 2008, VeriSign also announced that more than 100 credit unions have gone live on its Encrypted and Extended Validation SSL certificates (EV SSL). Verisign provides infrastructure services for voice, video and data networks at financial institutions, including credit unions.


RSS print
News Now LiveWire
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
4 minutes ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
44 minutes ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
1 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
2 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
4 hours ago