Wednesday, January 23, 2008

Juniper Posts Q4 Revenue of $809.2 million, up 36% YoY

Juniper Networks reported Q4 net revenues of $809.2 million, compared with $595.8 million for the fourth quarter of 2006, an increase of 36 percent. Net revenues for the twelve months ended December 31, 2007 were $2,836.1 million, compared with $2,303.6 million for the 2006 fiscal year, an increase of 23 percent. Net income on a GAAP basis for the fourth quarter of 2007 was $122.9 million or $0.22 per share on a diluted basis, compared with a GAAP net income of $71.0 million or $0.12 per share for the fourth quarter of 2006.

"2007 was a strong year for Juniper Networks," said Scott Kriens, Chairman and Chief Executive Officer of Juniper Networks, Inc. "Our people and products delivered a clear competitive advantage to our customers in the high-performance networking market, and our results speak for themselves. We look forward to 2008 as another high-performance year, where we believe the intensity of our focus and execution will produce accelerating growth and leverage across our business."