Satnews Daily
January 26th, 2011
Juniper Networks... Financially Speaking...
Juniper's fourth quarter and full year 2010 results reflect record performance by the company as measured by non-GAAP net income and revenues. Net revenues for the fourth quarter of 2010 increased 26 percent on a year-over-year basis and increased 18 percent sequentially, to $1.190 billion. For the year ended December 31, 2010, Juniper's revenue increased 23 percent on a year-over-year basis to $4.093 billion. 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. Non-GAAP net income per diluted share for the fourth quarter of 2010 increased 31 percent on a year-over-year and quarter-over-quarter basis. For the year ended December 31, 2010, GAAP net income was $618.4 million, or $1.15 per diluted share, and non-GAAP net income was $710.5 million, or $1.32 per diluted share. Non-GAAP net income per diluted share, for the year ended December 31, 2010, increased 43 percent on a year-over-year basis. To read the entire financial report, download this .pdf document