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January 25, 2013

Juniper Networks Q4 revenue up 2%

Net income fell to $95.7m for the quarter.

By CBR Staff Writer

Juniper Networks has reported revenues of $1.14bn for Q4 2012, up 2%, when compared to $1.12bn it reported during the corresponding quarter in 2011.

The quarter results include $11m, or $0.02 per diluted share, in pre-tax restructuring-related charges.

Net income fell slightly to $95.7m, compared to $96.2m, in the same quarter in 2011.

Operating income decreased to $130.9m for the quarter, compared to $133.2m for the same period last year.

Juniper acquired US-based software networking firm, Contrail Systems. for $176m during the fourth quarter.

For the full year of 2012, the company’s revenue decreased 2% to $4.36bn, compared to $4.48bn for the same period in the corresponding year.

Juniper Networks chief financial officer Robyn Denholm said: "We have largely completed our announced workforce actions and are well underway with our facility and supply chain efforts to reduce our cost structure."

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"These efforts are designed to sharpen our focus, drive efficiencies throughout the company and enable agility in execution," Denholm said.

Juniper expects revenue to be in the range of $1.05bn to $1.07bn for Q1 2013.

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