Monday, January 24, 2011

Juniper's Q4 Revenue Rises 26% YoY to $1.2 Billion

Juniper Networks reported Q4 2010 net revenues of $1.190 billion, up 26% from Q4'09 and up 18% from Q3 10. The company posted GAAP net income of $190.2 million, or $0.35 per diluted share, and non-GAAP net income of $228.6 million, or $0.42 per diluted share, for the fourth quarter of 2010. Included in both the GAAP and non-GAAP net income per share is approximately $0.03 per share favorable impact due to the extension of R&D tax credit.

"Juniper capped 2010 with a strong revenue and profit performance in the fourth quarter. The company executed well on the operating principles it set forth for the year, and we are showing strong returns on the investments we began making in 2009 in our innovation roadmap and the expansion of our routes to market," said Robyn Denholm, Juniper's chief financial officer. 'We are focused on further enhancing our performance in 2011 by driving sustained, strong growth, improving margins, and leveraging our strong balance sheet."

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