VeriSign Inc VRSN
Q4 2010 Earnings Call Transcript

Transcript Call Date 01/27/2011

Operator: Good day and welcome to the Fourth Quarter and 2010 Earnings Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Ms. Nancy Fazioli. Please go ahead.

Nancy Fazioli - IR: Thank you, operator. Good afternoon, everyone, and thank you for joining us for VeriSign's fourth quarter and full year 2010 earnings conference call. I am Nancy Fazioli, Director of Investor Relations, and I'm here today with Mark McLaughlin, President and CEO; and Brian Robins, Executive Vice President and CFO.

Please note that this call and accompanying slide presentation are being webcast from the Investor Relations section of our new corporate website, Please refer to that website for important information including the Q4 and full year 2010 earnings press release. A replay of this call will be available on the website within a few hours.

Today's slide presentation will also be available for download after the call. Financial results in today's press release are unaudited and the matters we will be discussing today include forward-looking statements and as such are subject to the risks and uncertainties that we discussed in detail on our documents filed with the SEC, specifically the most recent reports on Form 10-K and 10-Q, and any applicable amendments which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements.

Please note that we have not fully completed the tax provision calculation process, and therefore the tax provisions for the fourth quarter and the full year 2010 are still preliminary and the tax provision, GAAP net income loss and GAAP earnings loss per share for those periods reported in our Form 10-K may differ materially from what we discuss today.

I would like to remind you that in light of Regulation FD, VeriSign retains its longstanding policy to not comment on financial performance or guidance during the quarter, unless it is done through a public disclosure.

The financial results in today's press release and the matters will be discussing today include non-GAAP measures used by VeriSign. GAAP to non-GAAP reconciliation information is appended to our press release and slide presentation as applicable, each of which can be found on the Investor Relations section of our website.

In a moment, Mark and Brian will provide some prepared remarks, and afterwards, we will open up the call for your questions. Unauthorized recording of this conference call is not permitted.

With that, I would like to turn the call over to Mark. Mark?

Mark D. McLaughlin - President and CEO: Thanks, Nancy. Good afternoon, everyone. The fourth quarter capped a solid year of execution and growth for VeriSign. We're proud of the progress that we made in the quarter and in 2010.

During the past year, we refocused our business, improved operating efficiency and continued to scale and enhance our world class infrastructure, all while maintaining a healthy balance sheet and returning approximately $1 billion to our investors.

Read our Earnings Call Transcript disclaimer.
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