VeriSign, Inc. recorded revenues of $197.4 million for the fourth quarter ended December 31, 2000, a 613% increase over revenues of $27.7 million reported in the quarter ended December 31, 1999. Pro forma net income for the quarter ended December 31, 2000, excluding the amortization of goodwill and intangible assets and other acquisition-related charges, was $45.5 million, or $0.21 diluted earnings per share compared to net income in the quarter ended December 31, 1999 of $4.5 million, or $0.04 diluted earnings per share. Including the amortization of goodwill and intangible assets and other acquisition-related charges, the net loss for the quarter ended December 31, 2000 was $1.3 billion.
Revenues for fiscal 2000 were $474.8 million, representing a 460% increase over revenues of $84.8 million in fiscal 1999. In addition, deferred revenue increased to $508 million at year end. Pro forma net income for fiscal 2000 was $129.1 million or $0.72 diluted earnings per share compared to pro forma net income of $4.0 million or $0.03 diluted earnings per share for fiscal 1999. Including the amortization of goodwill and intangible assets and other acquisition-related charges, the fiscal 2000 net loss was $3.1 billion.
Our fourth quarter results cap an exciting year in which we transformed VeriSign from a security services company into the Internet’s most trusted utility, said Stratton Sclavos, president and CEO of VeriSign. We enter 2001 as a fully integrated organization offering a portfolio of critical services that all businesses need in order to establish, promote and protect their identity, transactions and communications over the Internet.
