Packeteer Reports Earnings

CUPERTINO, Calif. -- Packeteer, Inc. (Nasdaq: PKTR - News), the global leader in high-performance, intelligent WAN Application Delivery, today announced results of operations for the fourth quarter and year ended December 31, 2006.

Net revenues for the fourth quarter 2006 were $43.2 million, compared with $31.9 million for the fourth quarter 2005, an increase of 36%. Net revenues increased sequentially by 20% from the $36.0 million reported in the third quarter 2006. GAAP net income for the fourth quarter 2006 was $1.2 million or $0.03 per diluted share. This compares to fourth quarter 2005 GAAP net income of $9.1 million or $0.26 per diluted share. Net revenues for the year 2006 were $145.6 million, an increase of 29%, compared to $112.9 million for the year 2005. Net income for the year 2006 was $5.3 million or $0.15 per diluted share compared to net income of $19.2 million or $0.55 per diluted share for the year 2005.

Packeteer Inc.