Monday, April 6, 2009

Juniper Sees Lower Sales to Service Providers

Juniper Networks announced that its revenue for the quarter ended 31-MArch-2009 is expected to range between $760 to $765 million, below the company s guidance of $800 to $830 million, primarily driven by lower than expected sales to Service Providers.

As a result of previously communicated expense reduction initiatives, total non-GAAP operating expenses for the quarter are expected to range between $375 and $380 million, better than the company's guidance of approximately $408 million. Therefore, the company expects non-GAAP operating margin to be approximately 16%, resulting in non-GAAP EPS of $0.16 to $0.17 per diluted share, within the company s guidance range of $0.15 and $0.17.

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