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To: Sully- who wrote (7653)	10/12/2000 4:23:43 PM
From: TARADO96	Read Replies (1) \| Respond to of 65232

JNPR'S BLOWOUT EARNINGS! EXPECTED 9 CENTS, ACTUAL 17 CENTS. Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 12, 2000--Juniper Networks, Inc. (Nasdaq:JNPR), a leading provider of next-generation IP infrastructure systems, today reported its third quarter results for the period ending September 30, 2000. Net revenues for the third quarter were $201.2 million, compared with $113.0 million for the second quarter, an increase of 78%. Pro forma net income, which excludes the amortization of goodwill of $1.9 million and the deferred compensation charge of $415,000, was $60.3 million or $0.17 per share, compared with a pro forma net income of $28.6 million or $0.08 per share in the second quarter of 2000. Actual net income for the third quarter, including the above-mentioned amortization of goodwill and deferred compensation charges, was $58.1 million or $0.17 per share, compared with $19.6 million or $0.06 per share in the second quarter of 2000. Net revenues for the first nine months of 2000 were $378.1 million, compared with $57.2 million for the same nine month period in 1999. Pro forma net income for the first nine months of 2000 was $99.4 million or $0.29 per share, compared with pro forma net loss of $9.5 million or $(0.06) per share during the same nine month period in 1999. Actual net income for the first nine months of 2000 was $85.8 million or $0.25 per share, compared with actual net loss of $12.1 million or $(0.08) per share during the same nine month period in 1999. "Our performance during the third quarter reflects the return on our commitment and focus on continued execution," said Scott Kriens, Chairman and CEO of Juniper Networks. "The expansion of our product portfolio and our customer base throughout the world further solidify our opportunities in the IP infrastructure market," Kriens said.