Juniper Networks' net revenues for the fourth quarter of 2012 increased 2% sequentially and on a year-over-year basis to $1,141 million. Operating margin for the fourth quarter of 2012 increased to 11.5% on a GAAP basis from 3.8% in the third quarter of 2012, and decreased from 11.9% in the fourth quarter of 2011. GAAP net income was $96 million, or $0.19 per diluted share for the fourth quarter of 2012.
"Juniper finished 2012 on a good note, setting the stage for growth in 2013," said Kevin Johnson, chief executive officer of Juniper Networks. "During the past year we strengthened our product portfolio, took key steps to drive operational execution, and allocated capital in a balanced way. We believe Juniper is entering 2013 in a strong position, with good opportunities in routing and switching and a greatly improved Enterprise security portfolio as we continue to deliver on the promise of the high performance network."