Tuesday January 16, 4:18 pm Eastern Time
Press Release
Juniper Networks, Inc. Reports Q4'00 and Year End 2000 Financial Results
Q4'00 Net Revenue $295.4M
Pro forma EPS $0.24 2000 Net Revenue $673.5M
Pro forma EPS $0.53
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 16, 2001--Juniper Networks, Inc. (NASDAQ: JNPR - news), a leading provider of next-generation IP infrastructure systems, today reported its fourth quarter results for the period ending December 31, 2000.
Net revenues for the fourth quarter were $295.4 million, compared with $201.2 million for the third quarter, an increase of 47%. Pro forma net income was $84.6 million or $0.24 per share, compared with pro forma net income of $60.3 million or $0.17 per share in the third quarter of 2000.
Actual net income for the fourth quarter, which includes amortization of goodwill and other purchased intangibles of $5.3 million, amortization of deferred compensation of $11.5 million and in-process research and development of $10.0 million, was $62.2 million or $0.18 per share, compared with $58.1 million or $0.17 per share in the third quarter of 2000.
Net revenues for the year ended December 31, 2000 were $673.5 million, compared with $102.6 million for the year ended December 31, 1999. Pro forma net income for 2000 was $184.0 million or $0.53 per share, compared with pro forma net loss of $4.7 million or $(0.03) per share during 1999. Actual net income for 2000 was $147.9 million or $0.43 per share, compared with actual net loss of $9.0 million or $(0.05) per share during 1999.
``Our fourth quarter, as well as our full year results, underscore the value of Juniper's commitment to focus and execution,'' said Scott Kriens, Chairman and CEO of Juniper Networks. ``This commitment will continue and intensify in 2001 as we expand our delivery of networked services worldwide.''
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