By Telecom Lead Team: Juniper Networks has
posted revenue of $4.44 billion in 2011, showing 9 percent growth over 2010.
Its net revenues for the fourth quarter of
2011 decreased 6 percent on a year-over-year basis, and increased 1 percent
sequentially, to $1.12 billion.
The company reported net income of $96.2
million, or $0.18 per diluted share for the fourth quarter of 2011.
For the year ended December 31, 2011, the
company posted net income of $425.1 million, or $0.79 per diluted share.
The company’s outlook for the upcoming
quarter indicated that the networking gear maker will suffer more than expected
from weak demand among its telecommunications-industry customers.
The company predicted a first-quarter
per-share profit of 11 cents to 14 cents a share. Juniper also estimated
revenue for the first quarter ending March 31, 2012, to be in the range of $960
million to $990 million.
“While the fourth quarter was softer
than we had anticipated primarily due to weak demand from service providers,
Juniper delivered record revenues in a year where macro economic uncertainty
increased as the year unfolded,” said Kevin Johnson, president and CEO,
Juniper Networks.
The December quarter was an atypical and
unexpectedly weak finish to the year, with reduced spending by some of our
largest customers.
“While long-term industry fundamentals
remain strong, we expect the near-term environment to remain challenging. We
will invest in support of our strategy while continuing our focus on execution
and prudent cost management,” said Robyn Denholm, Juniper’s chief financial officer.
For the year ended December 31, 2011,
Juniper generated net cash from operations of $986.7 million, compared to
$812.3 million in 2010.
Recently, Juniper Networks launched the company’s new Partner Advantage program at its
first annual Global Partner Conference in Las Vegas.
