surged 6% late Wednesday, after posting a strong first quarter.
Coming after a gut-wrenchingly poor session, the news gave investors something to cheer about. Other good postclose tech news came from
( MOT), which beat estimates and guided up.
For its first quarter ended last month, VeriSign posted a profit of $49 million, or 19 cents per diluted share, up from $9 million, or 4 cents a share, a year earlier. Revenue jumped 75% from a year ago to $401 million.
Excluding items such as stock-based compensation, the company earned 25 cents a diluted share. Analysts polled by Thomson First Call were expecting a 21-cent profit on revenue of $370 million.
Verisign, which offers a range of digital trust services and operates the global registry for .com and .net domain names, added $1.41 to $27.08 in late trading.