Juniper Networks Reports Preliminary Fourth Quarter and Full Year 2008 Financial Results

Juniper Networks, Inc. (NASDAQ: JNPR) today reported preliminary financial results for the three months and twelve months ended December 31, 2008, that included record level annual revenue and improved year-over-year profitability.

Net revenue for the fourth quarter of 2008 increased 14% on a year-over-year basis to $923.5 million. For the twelve months ended December 31, 2008, Juniper's revenue increased 26% on a year-over-year basis to $3.57 billion.

"2008 was a year of record revenue for Juniper with year-over-year revenue growing 26 percent and non-GAAP diluted earnings per share growing 36 percent. We strengthened our product portfolio, captured market share, and improved operating efficiency and execution," stated Kevin Johnson, chief executive officer of Juniper Networks.



Check out the full press release.