Juniper enjoys bumper Q4

Juniper enjoys bumper Q4

Juniper Networks exceeded analyst estimates in both earnings and revenue for the fourth quarter of 2004.

For the period ending December 31, Juniper posted net revenue of $US430.1 million, compared to $US207 million for the same period last year, an increase of 108 per cent.

Excluding charges, net income for the quarter was $US85.9 million compared to $US27.7 million in the fourth quarter of 2003.

Earnings came in a penny per share better than analyst expectations, while revenue was about $US17 million more than forecast.

Net revenue for 2004 was $US1.34 billion, compared to $US701.4 million during calendar year 2003, an increase of 90 per cent.

Net income for the year, excluding charges, was $US238.6 million compared to $59 million during calendar year 2003. Infrastructure product sales accounted for $US300 million of the quarter's revenue.

Security products came in at $US80 million - up from $US63 million in the third quarter - and services accounted for $US50.2 million.

"We're very pleased with the strong result (of security sales) for the quarter," Juniper CEO, Scott Kriens, said in response to the 27 per cent sequential increase.

Strategic partner, Lucent, was a 10 per cent revenue contributor in the quarter while Siemens contributed 10 per cent of revenue for the year.

Juniper expects first quarter 2005 revenue to come in between $US430 million and $US440 million.

It is expected to make some acquisitions this year as it expands deeper into the enterprise market.

All Kriens said about that during a conference call with investment analysts was that acquisitions are tactics that fit into an overall strategy - and that Juniper's is built around traffic processing. n

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