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VeriSign Reports Fourth Quarter and Fiscal 2008 Results

February 5, 2009

MOUNTAIN VIEW, CA, Feb 05, 2009 (MARKET WIRE via COMTEX News Network) -- VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services, today reported financial results for the fourth quarter and fiscal year ended December 31, 2008.

Q4 2008 Financial Results

On a GAAP basis, VeriSign reported revenue of $247 million from continuing operations for the fourth quarter of 2008. On a GAAP basis, VeriSign reported consolidated net income of $39 million and earnings per share of $0.20 on a fully-diluted basis. These GAAP results reflect a $91 million non-cash impairment charge on certain long-lived assets, loss on sale of discontinued operations, and estimated losses on certain assets held for sale, $32 million of which was recorded in discontinued operations. Also recorded were restructuring charges of $12 million, $8 million of which was recorded in discontinued operations related to assets held for sale. In light of ongoing economic developments, we continue to review the level of impairment charge on long-lived assets, loss on sale of discontinued operations, and estimated losses on certain assets held for sale, including those carried as discontinued operations.

Because the company has not fully completed the tax provision calculation process, tax provisions for both the fourth quarter and fiscal year 2008 are still preliminary and therefore GAAP net income/loss and GAAP earnings/loss per share for these periods are also preliminary. Final tax provisions, GAAP net income/loss, and GAAP earnings/loss per share will be updated in the Annual Report on Form 10-K for the fiscal year ended December 31, 2008 to be filed with the SEC and may differ materially from the amounts reported above.

On a GAAP basis, VeriSign reported segment revenue for Internet Infrastructure and Identity Services (3IS), or the "core businesses" of Naming, SSL and IAS, of $245 million, up 3% from Q3 2008 and up 16% year-over-year. GAAP operating margin for the fourth quarter was -3.7%.

On a non-GAAP basis (which excludes items described below) for its core businesses, VeriSign reported net income of $54 million for the fourth quarter of 2008 and fully-diluted earnings per share of $0.28. Non-GAAP operating margins for the fourth quarter were 35.1%. A table reconciling the GAAP to the non-GAAP results reported above is appended to this release.

"VeriSign again demonstrated solid performance in extremely difficult economic conditions, with 16% year-over-year revenue growth and greater than 35% non-GAAP operating margin for the fourth quarter," said Jim Bidzos, executive chairman of the board of directors and chief executive officer on an interim basis of VeriSign. "We believe our growth and financial performance reflect that our strategy of divesting non-core businesses and focusing on our strong core units is the right one. While we have not achieved all of our divestiture goals, we did sell seven of 12 non-core businesses since late 2007, and we remain very focused, despite the challenging environment, on completing sales of the remaining larger businesses."

2008 Financial Results

On a GAAP basis, for the year ended December 31, 2008, VeriSign reported revenue of $962 million from continuing operations. On a GAAP basis, VeriSign reported a consolidated net loss of $240 million for 2008 and a loss per share of $1.20 on a fully-diluted basis. These full-year GAAP results reflect a $413 million non-cash impairment charge for certain long-lived assets, loss on sale of discontinued operations, and estimated losses on certain assets held for sale, of which $355 million is recorded in discontinued operations. Also recorded were restructuring charges of $150 million, $39 million of which is recorded in discontinued operations related to assets held for sale. As noted above, our tax provision for fiscal year 2008 is preliminary, and therefore GAAP net income/loss and GAAP earnings/loss per share are also preliminary.

On a GAAP basis, for 2008, VeriSign reported segment revenue for Internet Infrastructure and Identity Services (3IS), or the "core businesses," of $936 million, up 20% year-over-year.

On a non-GAAP basis for its core businesses, VeriSign reported net income of $193 million for 2008 and fully-diluted earnings per share of $0.96. A table reconciling the GAAP to the non-GAAP results reported above is appended to this release.

"We're very pleased with our performance this year, especially in light of the weakening economy," said Brian Robins, acting chief financial officer of VeriSign. "In addition to reporting solid revenue and earnings for the year, we generated approximately $475 million in cash flow from operations in 2008, ending the year with nearly $800 million in cash and equivalents. Furthermore, we believe that our divide and focus approach to managing our businesses has paid off as our execution this quarter continued to be strong."

Business and Corporate Highlights

--  Subsequent to the end of the quarter, VeriSign announced it had named
    Mark McLaughlin as president and chief operating officer.  Mr. McLaughlin
    will be responsible for the day-to-day operations of the Naming, SSL and
    IAS businesses including full responsibility for results of operations.
    Additionally, Mr. McLaughlin will oversee the company's Technology and
    Strategy organizations.
--  VeriSign's Naming business ended the quarter with approximately 90.4
    million active domain names in the adjusted zone for .com and .net,
    representing a 12% increase year-over-year.
--  VeriSign SSL Services ended the quarter with 1.12 million SSL
    certificates in the installed base, an increase of 13% over the same
    quarter last year.
--  Extended Validation (EV) SSL customer wins, during the fourth quarter,
    included JetBlue, Japan Airlines, and HSBC US.
--  In January, VeriSign announced that the IRS issued new e-file Security
    and Privacy Standards that strongly encourage all online tax filing
    services to safeguard their sites with EV SSL certificates.
--  VeriSign 2009 Analyst Day will be held on Thursday, May 14, 2009 in
    Mountain View, CA.  Details on the event agenda and registration will be
    announced at a later date.


Q4 Financial Highlights

--  Revenue from discontinued operations was $136 million while non-core
    businesses reported $1.8 million of revenue as part of continuing
    operations during the fourth quarter of 2008.
--  VeriSign ended the fourth quarter of 2008 with Cash and Equivalents of
    $791 million, an increase of $137 million from the prior quarter. At year-
    end, approximately $150 million of funds held by the Reserve were
    reclassified as Other Current Assets.
--  Cash flow from operations for the quarter was approximately $115
    million and approximately $475 million for fiscal year 2008.
--  Capital expenditures, on a consolidated basis, were approximately $25
    million for the fourth quarter of 2008 and $104 million for the full year.
--  Deferred revenue on December 31, 2008 totaled $845 million for
    continuing operations, an increase of $8 million from the prior quarter.
--  In the fourth quarter, VeriSign repurchased approximately 2.6 million
    shares of its common stock for a cost of $50 million.  For the full year,
    VeriSign repurchased approximately 39 million shares for a total of $1.31
    billion, compared to 38 million shares for $1.15 billion in 2007.
--  Also during the fourth quarter, VeriSign completed the sales of the
    Post-Pay billing business, inCode communications consulting service and
    3united mobile solutions.


Non-GAAP Items

Non-GAAP results exclude the following items that are included under GAAP: discontinued operations, non-core businesses in continuing operations, stock-based compensation, amortization of other intangible assets, restructuring costs, impairment of long-lived assets, gains and losses on derivatives and equity investments, and non-recurring costs. Non-GAAP financial information is also adjusted for a 30% tax rate which differs from the GAAP tax rate. A table reconciling the GAAP to non-GAAP net income is appended to this release.

Today's Conference Call

VeriSign will host a live teleconference call today at 2:00 p.m. (PST) to review the fourth quarter and fiscal year results. The call will be accessible by direct dial at (888) 676-VRSN (US) or (913) 312-1457 (international). A listen-only live web cast and accompanying slide presentation of the earnings conference call will also be available at http://investor.verisign.com. A replay of this call will be available at (888) 203-1112 or (719) 457-0820 (passcode: 6496729) beginning at 5:00 p.m. (PST) on February 5 and will run through February 11. This press release and the financial information discussed on today's conference call are available on the Investor Relations section of the VeriSign website at http://investor.verisign.com.

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at www.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 VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as increasing competition and pricing pressure from competing services offered at prices below our prices, market acceptance of our existing services and the current global economic downturn, the inability of VeriSign to successfully develop and market new services, the uncertainty of whether new services as provided by VeriSign will achieve market acceptance or result in any revenues, the risk that pending acquisitions will not be completed, will not be integrated successfully or will not be integrated successfully without incurring unanticipated costs, the risk that the planned divestitures of certain businesses may be delayed, may generate less proceeds than expected or may incur unanticipated costs or otherwise negatively affect VeriSign's financial condition, results of operations or cash flows, and the uncertainty of whether Project Titan will achieve its stated objectives. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the Company's Annual Report on Form 10-K for the year ended December 31, 2007, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.

                      VERISIGN, INC. AND SUBSIDIARIES
                        CONSOLIDATED BALANCE SHEETS
              (In thousands, except share and per share data)
                                (Unaudited)
                                                        December 31,
                                                  ------------------------
                                                      2008         2007
                                                  -----------  -----------
                      ASSETS
Current assets:
   Cash and cash equivalents                      $   789,068  $ 1,376,722
   Accounts receivable, net of allowance for
    doubtful accounts of $1,208 at December 31,
    2008 and $6,329 at December 31, 2007               83,749      208,799
   Prepaid expenses and other current assets          250,651      164,052
   Assets held for sale                               608,240            -
                                                  -----------  -----------
       Total current assets                         1,731,708    1,749,573
                                                  -----------  -----------
Property and equipment, net                           382,241      621,917
Goodwill                                              283,109    1,082,420
Other intangible assets, net                           35,312      121,792
Restricted cash and investments                         1,858       46,936
Other assets                                          291,620      290,647
Investments in unconsolidated entities                      -      109,828
                                                  -----------  -----------
       Total long-term assets                         994,140    2,273,540
                                                  -----------  -----------
       Total assets                               $ 2,725,848  $ 4,023,113
                                                  ===========  ===========
        LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
   Accounts payable and accrued liabilities       $   257,729  $   398,124
   Accrued restructuring costs                         28,920        2,878
   Deferred revenues                                  629,800      581,355
   Deferred tax liabilities                             5,521        2,632
   Liabilities related to assets held for sale         49,160            -
                                                  -----------  -----------
       Total current liabilities                      971,130      984,989
                                                  -----------  -----------
Long-term deferred revenues                           215,281      192,980
Long-term accrued restructuring costs                   3,037        1,473
Convertible debentures                              1,261,655    1,265,296
Long-term tax liability                                57,026       41,133
                                                  -----------  -----------
       Total long-term liabilities                  1,536,999    1,500,882
                                                  -----------  -----------
       Total liabilities                            2,508,129    2,485,871
                                                  -----------  -----------
Commitments and contingencies
Minority interest in subsidiaries                      49,208       54,485
Stockholders' equity:
   Preferred stock--par value $.001 per share
     Authorized shares: 5,000,000
     Issued and outstanding shares: none                    -            -
   Common stock--par value $.001 per share
     Authorized shares: 1,000,000,000
     Issued and outstanding shares: 191,547,795
      excluding 112,717,587 held in treasury, at
      December 31, 2008; and 222,849,348,
      excluding 73,720,953 held in treasury, at
      December 31, 2007                                   304          297
Additional paid-in capital                         21,457,001   22,559,045
Accumulated deficit                               (21,318,531) (21,078,560)
Accumulated other comprehensive income                 29,737        1,975
                                                  -----------  -----------
     Total stockholders' equity                       168,511    1,482,757
                                                  -----------  -----------
     Total liabilities and stockholders' equity   $ 2,725,848  $ 4,023,113
                                                  ===========  ===========
                      VERISIGN, INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF OPERATIONS
                  (In thousands, except per share data)
                                (Unaudited)
                              Three Months Ended          Year Ended
                                 December 31,            December 31,
                            ----------------------  ----------------------
                               2008        2007        2008        2007
                            ----------  ----------  ----------  ----------
                                            (1)         (1)         (1)
Revenues                    $  247,008  $  221,655  $  961,735  $  847,457
                            ----------  ----------  ----------  ----------
Costs and expenses
  Cost of revenues              59,575      56,412     227,351     240,962
  Sales and marketing           36,832      57,663     167,184     236,729
  Research and development      21,819      23,901      91,508     100,213
  General and
   administrative               53,565      85,205     206,294     263,862
  Restructuring,
   impairments and other
   charges (reversals), net     81,928     201,388     188,551     234,977
  Amortization of other
   intangible assets             2,540       3,671      10,069      16,506
                            ----------  ----------  ----------  ----------
    Total costs and
     expenses                  256,259     428,240     890,957   1,093,249
                            ----------  ----------  ----------  ----------
Operating income (loss)         (9,251)   (206,585)     70,778    (245,792)
Other income, net               72,541       8,455      52,473      94,618
                            ----------  ----------  ----------  ----------
Income (loss) from
 continuing operations
 before income taxes, loss
 from unconsolidated
 entities and minority
 interest                       63,290    (198,130)    123,251    (151,174)
                            ----------  ----------  ----------  ----------
Income tax (expense)
 benefit                       (37,983)     13,095     (47,091)      6,863
Loss from unconsolidated
 entities, net of tax             (769)     (4,430)     (3,868)     (2,018)
Minority interest, net of
 tax                            18,719      (1,299)     16,009      (3,840)
                            ----------  ----------  ----------  ----------
Income (loss) from
 continuing operations          43,257    (190,764)     88,301    (150,169)
(Loss) income from
 discontinued operations,
 net of tax                     (4,381)    (28,393)   (328,272)     (1,632)
                            ----------  ----------  ----------  ----------
Net (loss) income           $   38,876  $ (219,157) $ (239,971) $ (151,801)
                            ==========  ==========  ==========  ==========
Basic (loss) income per
 share from:
  Continuing operations     $     0.22  $    (0.85) $     0.45  $    (0.63)
  Discontinued operations        (0.02)      (0.13)      (1.67)      (0.01)
                            ----------  ----------  ----------  ----------
  Net (loss) income         $     0.20  $    (0.98) $    (1.22) $    (0.64)
                            ==========  ==========  ==========  ==========
Diluted (loss) income per
 share from:
  Continuing operations     $     0.22  $    (0.85) $     0.44  $    (0.63)
  Discontinued operations        (0.02)      (0.13)      (1.64)      (0.01)
                            ----------  ----------  ----------  ----------
  Net (loss) income         $     0.20  $    (0.98) $    (1.20) $    (0.64)
                            ==========  ==========  ==========  ==========
Shares used in per share
 computation:
  Basic                        192,969     223,274     197,201     237,707
                            ==========  ==========  ==========  ==========
  Diluted                      193,587     223,274     200,602     237,707
                            ==========  ==========  ==========  ==========
(1) During the fourth quarter of 2008, the Company identified certain
    matters related to historical timing of revenue recognition. In
    presenting its Consolidated Statements of Operations, the Company has
    adjusted its revenues and net loss, as reported, for the three months
    ended December 31, 2007 and for the year ended December 31, 2007. The
    Company has also adjusted its revenues and net loss, as reported, for
    the nine months ended September 30, 2008, which is included in the
    results of operations for the year ended December 31, 2008. The Company
    reduced its revenues and increased its net loss, as reported, by $1.7
    million and $6.3 million for the three months ended December 31, 2007,
    and for the year ended December 31, 2007, respectively. The Company
    reduced its revenues and increased its net loss, as reported, by $4.7
    million for the nine months ended September 30, 2008. The Company is
    in the process of determining the impact of income taxes on the
    adjustments.
                      VERISIGN, INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF CASH FLOWS
                              (In thousands)
                                (Unaudited)
                                                         Year Ended
                                                        December 31,
                                                  ------------------------
                                                      2008         2007
                                                  -----------  -----------
Cash flows from operating activities:
  Net (loss) income                                  (239,971)    (151,801)
  Adjustments to reconcile net (loss) income to
   net cash provided by operating activities:
    Loss (gain) on divestiture of businesses, net
     of tax                                            (6,970)     (72,857)
    Gain on sale of investments in unconsolidated
     entities, net of tax                             (48,028)           -
    Unrealized gain on joint venture call options           -      (10,925)
    Unrealized (gain) loss on contingent interest
     derivative on convertible debentures              (3,615)      15,301
    Depreciation of property and equipment and
     other                                            100,131      115,441
    Amortization of other intangible assets            25,663      116,064
    Impairment of long-lived assets and other
     charges                                          494,612      262,822
    Acquired in-process research and development            -            -
    Provision for doubtful accounts                     1,916          850
    Stock-based compensation                           90,066       90,914
    Net loss on sale and other-than-temporary
     impairment of investments                          6,364        1,787
    Loss (earnings) from unconsolidated entities,
     net of tax                                         3,868        2,018
    Minority interest, net of tax                     (16,009)       3,840
    Deferred income taxes                             (21,758)     (17,460)
  Changes in operating assets and liabilities,
   excluding the effects of acquisitions and
   divestitures:
    Accounts receivable                                47,485     (104,340)
    Prepaid expenses and other assets                  33,270      135,049
    Accounts payable and accrued liabilities         (112,884)     (46,272)
    Accrued restructuring costs                        27,606         (404)
    Deferred revenues                                  95,902      131,961
                                                  -----------  -----------
      Net cash provided by operating activities       477,648      471,989
                                                  -----------  -----------
Cash flows from investing activities:
  Proceeds from maturities and sales of
   investments                                         99,635      206,707
  Purchases of investments                                  -         (311)
  Reclassification of cash equivalents to other
   current assets                                    (256,709)           -
  Purchases of property and equipment                (103,716)    (152,992)
  Proceeds from sale of property and equipment         48,843            -
  Cash paid in business combinations, net of cash
   acquired                                           (11,733)           -
  Proceeds received from divestiture of
   businesses, net of cash contributed                 74,918      171,802
  Investments in unconsolidated entities              (15,679)     (17,150)
  Proceeds from sale of investments in
   unconsolidated entities                            203,856            -
  Proceeds received on long term note receivable            -            -
  Cash received from trust, previously restricted      45,000            -
  Proceeds from contingent purchase price
   adjustment                                           3,856            -
  Other investing activities                              265        2,501
                                                  -----------  -----------
      Net cash provided by (used in) investing
       activities                                      88,536      210,557
                                                  -----------  -----------
Cash flows from financing activities:
  Proceeds from issuance of common stock from
   option exercises and employee stock purchase
   plans                                              122,549      307,864
  Repurchases of common stock                      (1,327,379)  (1,156,491)
  Proceeds from credit facility, net of issuance
   costs                                              200,000            -
  Repayment of short-term debt related to credit
   facility                                          (200,000)    (199,000)
  Proceeds from issuance of Convertible
   Debentures, net of issuance costs                        -    1,223,691
  Excess tax benefit associated with stock
   options                                             36,161       12,607
  Repayment of long-term liabilities                        -            -
  Dividend paid to minority interest holders in
   subsidiary                                            (745)           -
                                                  -----------  -----------
      Net cash provided by (used in) financing
       activities                                  (1,169,414)     188,671
                                                  -----------  -----------
Effect of exchange rate changes on cash and cash
 equivalents                                           15,575        3,721
                                                  -----------  -----------
Net increase in cash and cash equivalents            (587,655)     874,938
Cash and cash equivalents at beginning of year      1,376,722      501,784
                                                  -----------  -----------
Cash and cash equivalents at end of year              789,068    1,376,722
Cash and cash equivalents of discontinued
 operations at end of year                                  -            -
                                                  -----------  -----------
Cash and cash equivalents of continuing
 operations at end of year                        $   789,068  $ 1,376,722
                                                  ===========  ===========
Supplemental cash flow disclosures:
  Cash paid for interest                          $    40,755  $     1,453
                                                  ===========  ===========
  Cash paid for income taxes, net of refunds
   received                                       $    14,712  $    21,300
                                                  ===========  ===========
  Preferred stock received as consideration for
   divestiture of business                        $         -  $     3,750
                                                  ===========  ===========
  Note received from divestiture of business      $         -  $    15,000
                                                  ===========  ===========
  Amounts payable for purchases of property and
   equipment                                      $    10,885  $         -
                                                  ===========  ===========
                      VERISIGN, INC. AND SUBSIDIARIES
                  STATEMENTS OF OPERATIONS RECONCILIATION
                  (In thousands, except per share data)
                                (Unaudited)
                              Three Months Ended          Year Ended
                              December 31, 2008       December 31, 2008
                            ----------------------  ----------------------
                            Operating               Operating
                              Income    Net Income    Income    Net Income
                            ----------  ----------  ----------  ----------
GAAP as reported            $   (9,251) $   38,876  $   70,778  $ (239,971)
  Discontinued operations                    4,381                 328,272
  Non-core businesses in
   continuing operations(1)       (907)    (71,353)      6,398     (57,991)
                            ----------  ----------  ----------  ----------
  Core operations              (10,158)    (28,096)     77,176      30,310
  Adjustments to core
   operations (1):
     Stock-based compensation    9,635       9,635      49,100      49,100
     Amortization of other
      intangible assets          2,540       2,540      10,069      10,069
     Restructuring costs         4,133       4,133     104,505     104,505
     Impairment of long-lived
      assets (2)                80,058      61,049      80,058      61,049
     Gains and losses on
      derivatives and equity
      investments                           (2,169)                 (5,459)
     Non-recurring costs (3)       (84)        (84)     (6,724)     (6,724)
  Tax adjustment (4)                         7,220                 (49,758)
                            ----------  ----------  ----------  ----------
Non-GAAP as adjusted        $   86,124  $   54,228  $  314,184  $  193,092
                            ==========  ==========  ==========  ==========
Diluted shares                 193,587     193,587     200,602     200,602
Per diluted share, core
 operations                 $    (0.05) $    (0.15) $     0.38  $     0.15
                            ==========  ==========  ==========  ==========
Per diluted share, non-GAAP
 as adjusted                $     0.44  $     0.28  $     1.57  $     0.96
                            ==========  ==========  ==========  ==========
(1) As of December 31, 2008, the Company's business consists of the
    following reportable segments: Internet Infrastructure and Identity
    Services ("3IS") and Other Services which represents continuing
    operations of non-core businesses and legacy products and services.
    The 3IS segment is also referred to as "core businesses" which are
    Naming, SSL, and Authentication.
(2) During 2008, the Company recorded an impairment charge for certain
    long-lived assets related to its VeriSign Japan business, of which
    $19.0 million is related to minority interest.
(3) During 2008, non-recurring costs primarily consist of a reversal of
    certain previously accrued litigation matters.
(4) Non-GAAP tax is calculated as 30% of income from continuing operations,
    excluding minority interest, which is presented net of tax on the
    Statement of Operations.
VeriSign provides quarterly and annual financial statements that are
prepared in accordance with generally accepted accounting principles
(GAAP).  Along with this information, we typically disclose and discuss
certain non-GAAP financial information in our quarterly earnings release,
on investor conference calls and during investor conferences and related
events.  This non-GAAP financial information does not include the following
types of financial measures that are included in GAAP: discontinued
operations, non-core businesses in continuing operations, stock-based
compensation, amortization of other intangible assets, restructuring costs,
impairment of long-lived assets, gains and losses on derivatives and equity
investments, and non-recurring costs.  Non-GAAP financial information is
also adjusted for a 30% tax rate which differs from the GAAP tax rate.
Management believes that this non-GAAP financial data supplements our GAAP
financial data by providing investors with additional information that
allows them to have a clearer picture of the company's core operations. The
presentation of this additional information is not meant to be considered
in isolation or as a substitute for results prepared in accordance with
GAAP. We believe that the non-GAAP information enhances the investors'
overall understanding of our financial performance and the comparability of
the company's operating results from period to period. Above, we have
provided a reconciliation of the non-GAAP financial information that we
provide each quarter with the comparable financial information reported in
accordance with GAAP for the given period.
SUPPLEMENTAL FINANCIAL INFORMATION
                                 Three Months Ended              Year Ended
                     ------------------------------------------- ----------
                     December   September    June      March      December
                        31,        30,        30,        31,        31,
                       2008       2008       2008       2008       2008
                     ---------- ---------- ---------- ---------- ----------
Revenues from core
 operations (1)      $  245,207 $  238,418 $  231,578 $  221,115 $  936,317
                     ========== ========== ========== ========== ==========
                                 Three Months Ended              Year Ended
                     ------------------------------------------- ----------
                     December   September    June      March      December
                        31,        30,        30,        31,        31,
                       2007       2007       2007       2007       2007
                     ---------- ---------- ---------- ---------- ----------
Revenues from core
 operations (1)      $  210,725 $  201,519 $  191,786 $  179,141 $  783,171
                     ========== ========== ========== ========== ==========

Contacts
Investor Relations:
Nancy Fazioli
ir@verisign.com
650-426-5146

Media Relations:
Christina Rohall
crohall@verisign.com
650-336-4663


SOURCE: VeriSign, Inc.

mailto:ir@verisign.com
mailto:crohall@verisign.com

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