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Juniper posts 73 percent increase in Q4 profits

Fri, 01/25/2008 - 7:35am
Mike Robuck

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.

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