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Satnews Daily
January 26th, 2011

Juniper Networks... Financially Speaking...


[SatNews] Juniper Networks (NYSE: JNPR) has reported preliminary financial results for the three and twelve months ended December 31, 2010, and provided its outlook for the three months ending March 31, 2011.

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