Monday, October 18, 2010

Juniper's Q3 Revenue Tops $1 Billion, up 23% year-over-year

Juniper Networks reported the following preliminary financial results for Q3 2010: net revenue increased 23% on a year-over-year basis, and increased 3% sequentially, to $1,012.4 million. GAAP net income is expected to be $134.5 million, or $0.25 per diluted share, and non-GAAP net income of $171.5 million, or $0.32 per diluted share.

"Juniper's results reflect our ability to deliver on the promise of the New Network with cost effective solutions that scale to meet growing network demand," said Kevin Johnson, Juniper's chief executive officer. "We anticipate customer demand to remain healthy and are well-positioned to drive further gains as we enable the deployment of secure, scalable wireless networks and deliver solutions to the growing cloud computing market."