Here were the comments from VeriSign (ticker: VRSN) CEO Stratton Sclavos and CFO Dana Evan on the company's Q2 conference call that torpedoed their stock:
…Q3 will be a tough compare to Q1 and Q2 due to seasonality in Europe, a full quarter's impact of a stronger dollar, and the lack of any new carriers or countries added in the second quarter. Although this will lead to a sequential decline in the mobile content revenues, the organic year-over-year growth rate for Q3 will still be over 90%. We do expect revenues to trend up again sequentially in the fourth quarter.
As it relates to the US, we're still hopeful that we will be able to turn on one -- at least one of the other major Tier 1s before the end of the year…
…once we launch in a country it is generally one to two quarters until we see the revenue ramp up because we've gone through a billing cycle and the rest. We're launching several countries this quarter. So that gives us some confidence that Q4 or Q1 will see some uptick.
...for Q3 we're forecasting total revenues in a range of approximately 435-440 million… in the Content business we have factored in the adverse seasonality that Stratton just spoke about, as well as the foreign currency effects I just discussed.
(Quotes are from the CCBN StreetEvents transcript.)
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