We are pleased to inform you that the Annual General Meeting (AGM) of LK Domain Registry took place on 24th September 2024 at Sheraton Hotel Colombo. The meeting provided an opportunity for registry members, subscribers, and invited guests to review the past year's performance.
LK Domain Registry’s Strong Financial Performance in 2024: Growth in Domain Registrations and Social Impact
As of March 31, 2024, the LK Domain Registry continues to play a pivotal role in supporting Sri Lanka’s digital ecosystem. With 53,645 domains registered by year-end, marking a 3.5% increase from last year, the registry has shown steady growth despite broader economic challenges. This is a positive sign of the country's gradual recovery, and much of the success can be attributed to strategic initiatives, including an increased focus on marketing, particularly on social media, and stronger relationships with corporate clients.
Growth in Operations and Services
A key highlight of the registry’s growth has been its expansion in both local and foreign domain registrations. Local domain registrations showed a significant 42% increase, while foreign registrations rose by 12%. Renewals remained steady, reflecting long-term commitment from customers. This growth was supported by improvements to the domain registration system, allowing new domains to be active within two hours during working hours. Furthermore, the registry introduced enhanced services like MicroSite aimed at attracting younger users and improved the performance of its reseller network through better API integration and the implementation of the EPP protocol.
Technological and Service Enhancements
The LK Domain Registry made significant strides in its technological infrastructure. Under the leadership of the Engineering and Software Divisions, the registry moved its primary services to the Dialog data center, enhancing security and reliability. Efforts to streamline the registration process and improve user experience included instant domain reservations and enhanced payment processing through card and QR code acceptance.
Cloud services also saw growth, particularly with the myMail.lk brand, which has over 500 active users. By outsourcing its mail service to improve customer support and security, the registry has been able to better meet the needs of small and medium enterprises (SMEs).
Social Empowerment Initiatives
Beyond its core business, the LK Domain Registry continued its commitment to social impact. Several programs, such as the Hithawathi initiative, school website development in collaboration with Webcomms Global, and community training programs, provided significant value to local communities. The e-learning division introduced content aligned with the school curriculum and launched new educational platforms like gurugedara.lk for Grade 6 Mathematics.
The Nenasala program, originally launched in 2004, is now undergoing redevelopment, with a focus on empowering local communities. In addition, the registry successfully conducted its flagship BestWeb.lk competition, recognizing excellence in web development in Sri Lanka.
Trade Associations, Partnerships, and Product Development
The LK Domain Registry actively participated in several trade associations, including the Asia-Pacific Top-Level Domain Association (APTLD), the Sri Lanka Association of Software and Service Companies (SLASSCOM), and the Federation of Information Technology Industry Sri Lanka (FITIS). These collaborations have strengthened our industry presence and opened doors for new opportunities.
We have also continued to enhance our product offerings, such as our MicroSite platform aimed at younger users and the increasingly popular myMail.lk service, now serving over 500 customers. Our efforts to expand cloud services for SMEs have also progressed, contributing to the overall growth of our business.
Looking Ahead
In summary, the LK Domain Registry’s continued focus on innovation, community empowerment, and strong financial management sets a promising course for the future. As we look forward to another year of growth and impact, we remain committed to fostering Sri Lanka's digital transformation.
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