August 20, 2013

GoDaddy poised for more growth

GoDaddy, the Scottsdale-based company that made its mark selling .com domain names, is hoping to cash in on the next generation of Web addresses that will be allowed this year.

More descriptive domain names that end with things like .pizza or .plumber will be attractive to businesses, said Blake Irving, GoDaddy chief executive.

“I don’t think it will be a gold rush; a gold rush implies there is some scarcity,” Irving said of the new options coming to the market. “But it should create some lift for our business.”

GoDaddy Group Inc., with 55 million domain names under management and $1.3 billion in sales last year, is well-positioned under the new leadership of Irving for the Web-address expansion. There are more than 220 million domain names in use worldwide.

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