Last night, VeriSign, Inc. (VRSN) reported revenues of $258 million from continuing operations in the third quarter of 2009.

Core businesses (Internet Infrastructure and Identity Services) generated revenues of $257 million, up 1% sequentially and up 6% year-over-year. Revenues from discontinued operations came in at $41 million.

Operating margin came in at 38.6%, marginally up from the previous quarter. Net income was $64 million. Earnings per share (EPS) of 33 cents easily beat the Zacks Consensus Estimate of 28 cents.

During the quarter, the company generated $105 million of cash from operations and used $25 million in capital expenditures. The company ended the quarter with cash and equivalents of $1.4 billion, an increase of $124 million from the previous quarter. As of September 30, 2009, deferred revenue came in at $881 million.

Subsequent to the end of the quarter, VeriSign completed the sale of its Global Security Consulting business, and Messaging and

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Last night, VeriSign, Inc. (VRSN) reported revenues of $258 million from continuing operations in the third quarter of 2009. Core businesses (Internet Infrastructure and Identity Services) generated revenues of $257 million, up 1% sequentially and up 6% year-over-year. Revenues from discontinued operations came in at $41 million. Operating margin came in at 38.6%, marginally up from the previous quarter. Net income came in at $64 million. Earnings per share (EPS) came in at 33 cents easily beating the Zacks Consensus Estimate of 28 cents. During the quarter, the company generated $105 million of cash from operations and used $25 million in capital expenditures. The company ended the quarter with cash and equivalents of $1.4 billion, an increase of $124 million from the previous quarter. As of September 30, 2009, deferred revenue came in at $881 million. Subsequent to the end of the quarter, VeriSign ...

For Immediate Release

Chicago, IL – July 17, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Abdul Saleh discusses the Software sector. Highlighted stocks include: SAP (SAP), Fiserv (FISV), Intuit (INTU), Digital River (DRIV) and VeriSign Automotive (VRSN).

Here is the latest on the Software sector:

While most software companies are implementing a series of internal cost-cutting measures, these are steps that companies typically take in an economic downturn -- a hiring freeze, no non-essential travel, and so on. Generally speaking, a downturn is when investment in IT is most critical because these investments can make operations more efficient. This idea is one reason why we think that the tech sector would weather a downturn better than other parts of the economy.

Software giant SAP (SAP) is apparently not halting

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Outlook Global markets appear to be shaking off the recent unprecedented withering of the financial system and are looking for an upturn. But is it sustainable or is it a short-term event? So far, a string of drastic actions by the Federal Reserve and both the Bush and Obama administrations has yet to turn around a bunker mentality. Banks fear lending money to each other and to their customers. Businesses are reluctant to hire and boost capital investments. Consumers have hunkered down. All the economy's problems are feeding off each other, creating a vicious cycle that Washington policymakers are finding difficult to break. Even if the turmoil gripping Wall Street were to let up and badly shaken confidence in the banking system were fully restored, a "broader economic recovery will not happen right away." Obviously, the technology industry is not immune to the current economic ...

* Reports suggest Xstrata and Anglo American (NASDAQ:AAUK) are engaged in merger talks in a deal which could total about $68 billion and result in the combined firm becoming the world's number-three miner behind BHP Billiton (NYSE:BHP) and Vale (NASDAQ:VALE)

* Reuters reported 100,000 of Apple (NASDAQ:AAPL) iPhone 3Gs were sold via preorders, explaining away some of the launch's diminished excitement level. Some news reports said Steve Jobs underwent a liver transplant two months ago in Tennessee, and is still due back at month's end

* Walgreen (NYSE:WAG) is expected to report fiscal third-quarter earnings of 56 cents a share

* UBS (NYSE:UBS) upgraded Vulcan Materials (NYSE:VMC) to "buy," based upon housing and infrastructure recovery

* JP Morgan (NYSE:JPM) upgraded Verisign (NASDAQ:VRSN) to "overweight" from "neutral"

* According to a Wall Street Journal report, Amazon.com (NASDAQ:AMZN) may stop conducting businesses with some retailers in states, which would force sales tax payments on online transactions

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