Juniper Reports Revenue of $430 Million, up 108%

Juniper Networks reported Q4 revenue $430.1 million, compared to $207.0 million for the same period last year, an increase of 108%.



Net income (GAAP) for Q4 was $66.0 million or $0.11 per share, compared to $14.7 million or $0.03 per share in the fourth quarter of 2003. Non-GAAP net income was $85.9 million or $0.15 per share, compared to $27.7 million or $0.06 per share in the fourth quarter of 2003.



Net revenues for the full year 2004 were $1.336 billion, compared to $701.4 million during calendar year 2003, an increase of 90%.



"The fourth quarter was strong in every dimension, which completed a year of record performance," said Scott Kriens, CEO of Juniper Networks. "We are in the sweet spot of the new networking industry, with both opportunities and capabilities to extend our growth and leadership strengths in an expanding marketplace."http://www.juniper.net