Wednesday, October 21, 2009

Juniper Posts Preliminary Q3 2009 Financial Results

5Juniper Networks reported preliminary Q3 net revenues of $823.9 million, up 5 from $786.4 million reported in the second quarter of 2009 and down 13% on a year-over-year basis. The company posted GAAP net income of $83.8 million, or $0.16 per diluted share, and non-GAAP net income of $122.5 million, or $0.23 per diluted share for the third quarter of 2009.

"Juniper is driving execution and gaining momentum at a time when visibility in key areas of our business is beginning to improve,' said Kevin Johnson, Juniper's Chief Executive Officer. 'We are delivering on our R&D roadmap and customers are embracing our offer of integrated routing, switching and security on a common software platform -- JUNOS. Even as our optimism grows, macroeconomic conditions remain uncertain and we will continue to balance sound financial management with our investments in innovation and customer satisfaction.'