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Juniper Networks, Inc. Reports Q4''01 and Year End 2001 Financial Results; Q4''01 Net Revenue $151.0M; Pro forma EPS $0.05 2001 Net Revenue $887.0M; Pro forma EPS $0.50.

Publication: Business Wire
Publication Date: 15-JAN-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors and High Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 15, 2002

Juniper Networks, Inc. (Nasdaq: JNPR), a leading provider of next-generation IP infrastructure systems, today reported its fourth quarter results for the period ending December 31, 2001.

Net revenues for the fourth quarter were $151.0 million, compared with $201.7 million for the third quarter, a decrease of 25%. Pro forma net income was $15.9 million or $0.05 per share, compared with pro forma net income of $32.5 million or $0.10 per share in the third quarter of 2001.

Actual net loss for the fourth quarter, which includes amortization of goodwill and other purchased intangibles of $12.5 million, amortization of deferred compensation of $15.2 million and in-process research and development of $4.2 million, was $5.1 million or $0.02 per share, compared with a net loss of $29.7 million or $0.09 per share in the third quarter of 2001.

Net revenues for the year ended December 31, 2001 were $887.0 million, compared with $673.5 million for the year ended...

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