Juniper Networks, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total net revenues were $1,120.757 million against $1,189.941 million a year ago. Operating income was $133.185 million against $226.798 million a year ago. Income before income taxes and noncontrolling interest was $122.484 million against $231.639 million a year ago. Consolidated net income was $96.163 million against $190.083 million a year ago. Net income attributable to the company was $96.163 million or $0.18 per diluted share against $190.233 million or $0.35 per diluted share a year ago. Non-GAAP operating income was $208.077 million against $291.794 million a year ago. Non-GAAP net income was $150.117 million or $0.28 per diluted share against $228.589 million or $0.42 per diluted share a year ago. CapEx totaled $78 million. For the year, the company reported total net revenues were $4,448.709 million against $4,093.266 million a year ago. Operating income was $618.524 million against $767.584 million a year ago. Income before income taxes and non-controlling interest was $571.716 million against $778.154 million a year ago. Consolidated net income was $425.012 million against $619.373 million a year ago. Net income attributable to the company was $425.136 million or $0.79 per diluted share against $618.402 million or $1.15 per diluted share a year ago. Non-GAAP operating income was $917.266 million against $981.652 million a year ago. Non-GAAP net income was $644.625 million or $1.19 per diluted share against $710.490 million or $1.32 per diluted share a year ago. Net cash provided by operating activities was $986.726 million against $812.335 million a year ago. Purchases of property and equipment, net was $266.314 million against $185.291 million a year ago. The company estimates revenue for the first quarter ending March 31, 2012, to be in the range of $960 million to $990 million. Juniper estimates that its non-GAAP gross margin will be in the range of 63% and 64% in the first quarter. The company estimates that its non-GAAP net income per share will range between $0.11 and $0.14 on a diluted basis, assuming a flat share count and estimated non-GAAP tax rate of 29%. This tax rate includes an estimated 0.01 cent quarterly impact on non-GAAP earnings per share assuming no renewal of the R&D tax credit. Operating expenses are expected to increase in first quarter as it incorporates the typical increases in employee expenses such as FICA and the reset of variable compensation. And as a result of lower revenue, similar gross margins and higher operating expenses for the first quarter, it expects operating margin for the first quarter to range from 11% to 13%.