Net revenues for the fourth quarter were $295.4 million, compared with $201.2 million for the third quarter, an increase of 47%. Pro forma net income was $84.6 million or $0.24 per share, compared with pro forma net income of $60.3 million or $0.17 per share in the third quarter of 2000.
Actual net income for the fourth quarter, which includes amortization of goodwill and other purchased intangibles of $5.3 million, amortization of deferred compensation of $11.5 million and in-process research and development of $10.0 million, was $62.2 million or $0.18 per share, compared with $58.1 million or $0.17 per share in the third quarter of 2000.
Net revenues for the year ended December 31, 2000 were $673.5 million, compared with $102.6 million for the year ended December 31, 1999. Pro forma net income for 2000 was $184.0 million or $0.53 per share, compared with pro forma net loss of $4.7 million or $(0.03) per share during 1999. Actual net income for 2000 was $147.9 million or $0.43 per share, compared with actual net loss of $9.0 million or $(0.05) per share during 1999.
Our fourth quarter, as well as our full-year results, underscore the value of Juniper’s commitment to focus and execution, said Scott Kriens, Chairman and CEO of Juniper Networks(R). This commitment will continue and intensify in 2001 as we expand our delivery of networked services worldwide.
