Monday, July 18, 2005

Juniper Reports Revenue $493 Million, up 61%

Juniper Networks reported Q2 net revenues of $493.0 million, compared with $306.9 million for the same period last year, an increase of 61%. GAAP net income for the second quarter was $89.0 million or $0.15 per share, compared with a GAAP net loss of $12.6 million or $0.02 per share in the second quarter of 2004.

Cash provided by operations was $166.1 million for the second quarter, compared to cash provided by operations of $119.0 million for the same period last year. Capital expenditures and depreciation during the second quarter were $18.1 million and $12.9 million, respectively.

"The news for this quarter is once again growth - significant revenue growth, outpaced by earnings per share growth, all while our investment in innovation grows as well," commented Scott Kriens, chairman and CEO, Juniper Networks.

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