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