Monday, April 23, 2012

Juniper Sees Q1 Financials Ahead of Expectations

Juniper Networks reported preliminary Q1 revenue of $1,032.5 million, down 6% on a year-over-year basis and down 8% sequentially. GAAP net income was $16.3 million, or $0.03 per diluted share, and non-GAAP net income of $84.0 million, or $0.16 per diluted share, for the first quarter of 2012.

"Our first quarter results reflect solid execution across Juniper," said Kevin Johnson, CEO of Juniper Networks. "We are pleased with initial customer response to our differentiated new products and solutions, which help form the broadest, most robust product portfolio in our Company's history. We are leveraging these innovations to accelerate traction in the marketplace as we continue to change the economics and experience of networking for our customers."

Juniper estimates revenue for the second quarter ending June 30, 2012, to be in the range of $1,030 million to $1,060 million.

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