Juniper reports. I find their top line growth encouraging for Cisco's prospects.
Juniper Networks, Inc. Reports Q3'03 Financial Results
Thursday October 9, 4:15 pm ET
Net Revenue $172.1M
GAAP EPS $0.02
Non-GAAP EPS $0.04
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 9, 2003--Juniper Networks, Inc. (Nasdaq:JNPR - News) today reported its third quarter results for the period ending September 30, 2003.
Net revenues for the third quarter were $172.1 million, compared with $152.0 million for the same period last year, an increase of 13 percent.
GAAP net income for the third quarter was $7.2 million or $0.02 per share, compared with a GAAP net loss of $88.3 million or $0.24 per share in the third quarter of 2002. Non-GAAP net income, which excludes restructuring expenses, in-process research and development expenses, integration expenses, the amortization of purchased intangibles and deferred compensation, the write-down of investments and the gain on the partial retirement of the 4.75% Convertible Subordinated Notes was $14.7 million or $0.04 per share, compared with non-GAAP net loss of $8.4 million or $0.02 per share in the third quarter of 2002.
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