Monday, 28 January 2008

Juniper Networks Q407 Revenue up 36%

Juniper Networks has reported its net revenues for the fourth quarter of 2007 at 809.2 million dollars.

The networking solutions provider said this is an increase of 36 percent when compared with 595.8 million dollars for the fourth quarter of 2006.

'2007 was a strong year for Juniper Networks', said Scott Kriens, Chairman and Chief Executive Officer of Juniper Networks, Inc.

'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.'

'Strong revenue growth, good improvements in operating margin and record cash flow from operations were the highlights of the quarter. Our achievement of profitability in our SLT product group is also a key milestone for the company. We are on the right track and believe these results demonstrate our continuing commitment to financial and operational discipline,' said Robyn Denholm, Chief Financial Officer, Juniper Networks, Inc.