Oct 26 (Reuters) - Internet services firm Verisign reported a 5.4% jump in third-quarter revenue on Thursday, helped by steady demand in domain name registrations as more businesses expand their online presence.
Businesses lately have been beefing up their online presence, in a move to digitize, with easy-to-remember domain names to capture a wider range of customers online.
The domain name registry services provider posted revenue of $376.3 million for the quarter ended Sept. 30, up from $356.9 million a year ago.
It reported a profit of $1.83 per share in the July-September period, higher than $1.58 per share, in the same period last year.
The renewal rate for its .com and .net domains fell to 73.4% in the second-quarter, compared with 73.8%, a year earlier.
Meanwhile, the company processed 9.9 million domain name registrations in the third quarter, unchanged from a year ago. (Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh Kuber)