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VVERISIGN Verisign Reports Third Quarter 2021 Results October 28 , 2021 RESTON , Va .-- ( BUSINESS WIRE ) -- Oct . 28 , 2021-- VeriSign , Inc. ( NASDAQ : VRSN ) , a global provider of domain name registry services and internet infrastructure , today reported financial results for the third quarter of 2021 . VeriSign , Inc. and its subsidiaries ( " Verisign " ) reported revenue $ 3 million for the third quarter of 2021 , up 5.1 percent from the same quarter in 2020. Verisign reported net income of $ 157 million and diluted earnings per share ( diluted " EPS " ) of $ 1.40 for the third quarter of 2021 , compared to net income of $ 171 million and diluted EPS of $ 1.49 for the same quarter in 2020. The operating margin was 66.2 percent for the third quarter of 2021 compared to 65.0 percent for the same quarter in 2020 . Net income for the third quarter last year included the recognition of $ 24 million of previously unrecognized income tax benefits . These benefits resulted from remeasurement of Verisign's accrual for uncertain tax positions as previously noted in the third quarter 2020 earnings release . This income tax benefit increased diluted EPS by $ 0.21 for the third quarter of 2020 . " Thanks to the dedication of our worldwide team , Verisign delivered on our mission , and delivered another quarter of solid results , " said Jim Bidzos , Executive Chairman and Chief Executive Officer . Financial Highlights • Verisign ended the third quarter of 2021 with cash , cash equivalents and marketable securities of $ 1.20 billion , an increase of $ 32 million from the end of 2020 . • Cash flow from operating activities was $ 260 million for the third quarter of 2021 , compared to $ 140 million for the same quarter in 2020 . • Deferred revenues as of Sept. 30 , 2021 totaled $ 1.16 billion , an increase of $ 95 million from the end of 2020 . ● During the third quarter of 2021 , Verisign repurchased 0.8 million shares of its common stock for an aggregate cost of $ 172 million . As of Sept. 30 , 2021 , there was $ 565 million remaining for future share repurchases under the share repurchase program which has no expiration date . Business Highlights • Verisign ended the third quarter of 2021 with 172.1 million .com and .net domain name registrations in the domain name base , a 5.1 percent increase from the end of the third quarter of 2020 , and a net increase of 1.48 million during the third quarter of 2021 . • During the third quarter of 2021 , Verisign processed 10.7 million new domain name registrations for .com and .net , compared to 10.9 million for the same quarter in 2020 . • The final .com and .net renewal rate for the second quarter of 2021 was 75.4 percent compared to 72.8 percent for the same quarter in 2020. Renewal rates are not fully measurable until 45 days after the end of the quarter . Today's Conference Call Verisign will host a live conference call today at 4:30 p.m. ( EDT ) to review the third quarter 2021 results . The call will be accessible by direct dial at ( 888 ) 676 - VRSN ( U.S. ) or ( 786 ) 789-4776 ( international ) , conference ID : Verisign . A listen - only live web cast of the conference call and accompanying slide presentation will also be available at https : // investor Verisign.com . An audio archive of the call will be available at https : // investor Verisign.com /events.cfm . This news release and the financial information discussed on today's conference call are available at https://investor.Verisign.com . About Verisign Verisign , a global provider of domain name registry services and internet infrastructure , enables internet navigation for many of the world's most recognized domain names . Verisign enables the security , stability , and resiliency of key internet infrastructure and services , including providing root zone maintainer services , operating two of the 13 global internet root servers , and providing registration services and authoritative resolution for the .com and .net top - level domains , which support the majority of global e - commerce . To learn more about what it means to be Powered by Verisign , please visit Verisign.com . VRSNF Statements in this announcement other than historical data and information constitute forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended . These statements involve risks and uncertainties that could cause our actual results to differ materially from those stated or implied by such forward - looking statements . The potential risks and uncertainties include , among others , attempted security breaches , cyber - attacks , and DDoS attacks against our systems and services ; the introduction of undetected or unknown defects in our systems ; vulnerabilities in the global routing system ; system interruptions or system failures ; damage to our data centers ; risks arising from our operation of root servers and our performance of the Root Zone Maintainer functions ; any loss or modification of our right to operate the .com and .net gTLDs ; changes or challenges to the pricing provisions of the .com Registry Agreement ; new or existing governmental laws and regulations in the U.S. or other applicable foreign jurisdictions ; economic , legal and political risks associated with our