Juniper Networks reported its fourth-quarter earnings yesterday, which included a 73 percent spike in profits.
Net revenues for the fourth quarter of 2007 were $809.2 million, compared with $595.8 million for the fourth quarter of 2006 – an increase of 36 percent.
Net revenues for the 12 months ended Dec. 31 were $2.8 billion, compared with $2.3 billion for the 2006 fiscal year – an increase of 23 percent.
“2007 was a strong year for Juniper Networks,” said Juniper Chairman and CEO Scott Kriens. “Our people and products delivered a clear competitive advantage to our customers in the high-performance networking market, and our results speak for themselves.
“We look forward to 2008 as another high-performance year, where we believe the intensity of our focus and execution will produce accelerating growth and leverage across our business.”
In the current quarter, Juniper anticipates earning revenues of $810 million to $820 million.
More Broadband Direct: