Melbourne IT gets growth from domain names

"We are producing the picks and shovels of the internet gold rush of the 2000s, the domain names, the digital certificates and other key e-commerce infrastructure tools," Peter Gerrand, Melbourne IT's founding CEO, said yesterday.

Melbourne IT's subsidiary, Internet Names WorldWide (INWW), currently registers domain names ending with .com.au and generic Top Level Domains (gTLD) such as .com, .net and .org.

Just when you think the number of domain names that are not taken are running low, the internet governing body ICANN said it will introduce six to 10 new gTLDs, such as .per and .nom for individuals, and .firm, .shop and .info for commercial use. It also plans to introduce "chartered memberships" using reference lists, for example .tra for travel agents registered with IATA.

The introduction of new gTLDs will increase the gTLD market size to over one billion names within five years, said Gerrand. That market size is currently estimated at 160 million domain names, of which only 12 million have been allocated.

For Melbourne IT, the introduction of new gTLDs can only mean further growth, considering it has registered 397,337 gTLDs since April 1999 compared to 176,013 .com.au domain names since December 1996.

While domain names registration has brought in the bulk (72 per cent) of the company's 1999 revenues, Melbourne IT is also investing in developing e-commerce tools and setting up incubators. E-commerce tools include digital certificates from Verisign and industry trading hubs for business-to-business transactions.

The company's Advanced Services Application Centre, a joint venture with Ericsson, is also developing telecommunication products for Ericsson's global customers including messaging services, Intelligent Network products and WAP/3GM applications.

Melbourne IT's revenue in fiscal 1999 of $14.8 million exceeded its prospectus forecast by $2.4 million, or 19 per cent. With Q1, 2000 revenues of $11.3 million, the company is confident that it will exceed its prospectus forecast of 24 million by a significant margin, according to Rob Stewart, Melbourne IT's chairman.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Angelina Forsyth

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?