VeriSign's Extraordinary Financials: Paid out $4.2 billion to VeriSign shareholders, at the expense of global Internet users
To summarize VeriSign's extraordinary financials, this is what VeriSign CEO James Bidzos had to say on the Q3 2015 earnings conference call (keep in mind this is 6 months old.) ".... revenue has grown sequentially for 20 straight quarters. Non-GAAP EPS has grown steadily from $0.31 in Q4 2010 to $0.78 in Q3 2015. Free cash flow has grown steadily and was $612 million over the trailing four quarters. Non-GAAP operating margin has risen steadily from 44.3% in Q4 2010 to 62.7% in the most recent quarter. Over the last 20 quarters, we've returned $4.2 billion to our shareholders. We repurchased over 69 million shares for $3.22 billion, which exceeds our domestic free cash flow for the same period, and in that same time frame, we returned $982 million in special dividends, excluding payments to convert holders triggered by that special dividend." When does this gravy train stop? When is enough money enough? ICANN -- why are you not doing anything about this? Why do you continue to ignore this core issue and why did you ignore all of the public comments back when you gave VeriSign the contract extension in 2012? https://forum.icann.org/lists/com-renewal/threads.html Why are you trying to get the contract renewed early? The early renewal only benefits VeriSign.