Monday, July 23, 2012

Juniper Posts Revenue of $1.07 Billion, Down 4% YoY

Juniper Networks' Q2 revenue increased 4% sequentially, and decreased 4% on a year-over-year basis, to $1,074 million. GAAP net income came in at $58 million, or $0.11 per diluted share, and non-GAAP net income of $103 million, or $0.19 per diluted share, for the second quarter of 2012.

"Juniper's second quarter results delivered sequential top line growth as a result of our focus on execution," said Kevin Johnson, CEO of Juniper Networks. "New products continued to gain traction in the marketplace with key customer wins across our portfolio. In a challenging macro environment, we remain focused on our operational execution, delivering great products, driving revenue and managing our cost base."