VeriSign set to hit major milestone this quarter.
Sometime this quarter, VeriSign predicts its total registered base of .com and .net domain names will top the 100 million mark.
In its investor conference call last night, VeriSign reported that the base is currently 99.3 million domain names. 2.5 million net new names were added in the first quarter, and the company expects to add 2.0 to 2.3 million names to the base during this quarter. Do the math, and it’s possible the company has already eclipsed the 9 figure mark.
VeriSign credits a couple things with the steadily increasing base. First, registrars have been focusing on improving renewal rates. It takes a lot less marketing money to get a renewal than an initial registration, and the company has seen registrars make a push on the renewal side. Second, the overall improving economic picture has resulted in more registrations.
On July 1, VeriSign’s charge for registering a .net domain name will increase to $4.65 and charge for a .com domain name will increase to $7.34.