Tucows Has Record Quarter For Domain Name Sales & For Sales Of $10K or More
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Release time:2012-05-10
Browse:3576
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I just read through the earning call transcript that Tucows held yesterday after the released their earnings and found a few interesting facts and figures.
On the call Tucows CEO Elliot Noss said that :
Q1 was a record quarter for individual domain sales from our portfolio, with sales of gems being especially strong.
“Revenue increased 61% year-over-year.
“On previous calls I have discussed the success of our efforts to increase the average selling price of brandables and gems, and we saw this again in Q1 as we achieved another record average selling price, and our largest ever number of transactions in excess of $10,000.”
I’d like to remind you of my comment earlier that we did have a disproportionately large amount of gem sales in Q1, which we expect to even out over the year.”
“Growth in, both, new registrations and renewed registrations, was strong, at 24% and 21%, respectably. ”
“We, also, saw healthy sequential growth in overall transactions volume at 15%.”
“Renewal rates continue to be strong and take up slightly at 76%, remaining above the industry average.”
“Total domains under management at the end of Q1 were up 9% from the same point last year and surpassed the 12 million mark for the first time.”
“Finally, a brief note on the new top level domain name program.”
“The original target set by ICANN were for applications to close on April 12th, and for all applicants and applications to be made public by May 1st.”
“Due to technical difficulties that have been quite public, those dates have not been met, and the exact dates are still to be determined. We had expected to share some information on this call, but given the change in dates we will not be doing so.”
It sounds like Tucows may have some gTLD plans of their own, well won’t share any information because the application system still is going to re-open.
Source from http://www.thedomains.com/
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