Juniper Networks today said its Q4 2014 revenue decreased 14 percent to $1,102 million and posted a net loss of $769.6 million.
During the quarter, the company recorded $850 million goodwill impairment charge related to its security unit. Excluding this impairment charge, net income would have been $80.4 million.
In 2014, Juniper Networks’ revenue dipped 1 percent to $4,627 million against $4,669 in 2013.
Juniper posted a net loss of $334.3 million in 2014.
“Our customers and partners across our key verticals view network innovation as fundamental to their business, and with a strong innovation pipeline, we are confident in Juniper’s future and see substantial opportunities to grow and deliver value in the long term,” said Rami Rahim, chief executive officer at Juniper Networks.
Baburajan K
editor@infotechlead.com
